ABSTRACT
This chapter focuses on the operation of the new concession contract (NCC) to serve national interests in the oil and gas industry. This is an important dimension of the third main question: What contractual form is most appropriate to develop the future upstream oil and gas industry in Iran having regard for the interests of the government of Iran?
To consider the advantages of the NCC in the upstream oil and gas industry, comparative examples in this chapter are drawn from countries currently using, or having previously used, NCC oil and gas contracts. The selected developed and developing countries are Brazil, Thailand, United Kingdom, Australia and Norway. This chapter considers the extent to which the NCC has advanced the objectives and national interests of the respective national governments in this industry. The examples are analysed to consider the implications of future contractual arrangements for this sector in Iran.
