By Maya Lester KC & Michael O’Kane

Iran’s post-sanctions oil & gas contract framework

Iran has unveiled, at a Tehran conference of EU & Asian (but not US) oil & gas companies, a new framework for oil and gas contracts which offers more flexible terms on oil price fluctuations and investment risks. It replaces the previous “buyback” system which has been in place since pre US / EU sanctions and prevented foreign companies from booking reserves / taking equity…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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