Quarterly Journal of Governance Knowledge

Quarterly Journal of Governance Knowledge

Scenarios of Reforming the Regulatory System and the Fiscal Regime of the Iran in Oil and Gas Upstream

Document Type : Original Article

Authors
Hamid Heydari 1
Mohammadreza Akbari 1
Amirhossein Souhankar 2
1 Department of Petroleum Engineering, Amirkabir University of Technology, Tehran, Iran.
2 Department of Mechanical Engineering, University of Tehran, Tehran, Iran
10.22034/jokog.2024.201822
Abstract
One of the most important areas that can have a significant impact on maximizing the country's national interests in the policy sector is the type of financial relationship between the oil industry (the National Oil Company on behalf of the oil industry) and the government. It is also a tool for the government to intervene and make policies that can play a significant role in the commercial performance of the National Oil Company. On the other hand, regulation is one of the main components of energy governance, which in coordination with other components can ensure the proper functioning of the upstream oil and gas sector. In the present research, by collecting a set of necessary information for the pathology of the regulation system of the Iran oil and gas upstream and the financial relationship of the government with the National Oil Company through library studies, comparative studies and interviews with experts in the field of energy and scenarios of transitioning from the current situation to the desired situation was compiled by the expert panel and validated and finalized by the expert panel. In the first stage, it is suggested that the Plateau 1 scenario, which is the preservation of the National Oil Company under the Ministry of Oil and the transformation of the headquarters of this company into the upstream regulator of oil and gas, and the conclusion of development and exploitation contracts by this regulatory body with governmental and non-governmental exploration and production companies is to be implemented and gradually after the complete separation of the governance layers from each other move the peak scenario (optimal situation) could be achieved.
Keywords
Governance
Regulatory
Fiscal regime
Oil and Gas Upstream
National Oil Company
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Quarterly Journal of Governance Knowledge
Volume 2, Issue 2
Spring 2024
Pages 16-39