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A Review of changes to the document corresponding to the general conditions of EPC contracts in the petroleum industry with an emphasis on protecting the interests of the employer
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Mohammadreza Afshari   , Fatemeh Jahanzadeh * , Zahra Sharifi |
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Abstract: (467 Views) |
Nowadays, most of the contracts concluded in Iran's oil industry are in the form of contracting; This means that the employer (the first party), who is typically a governmental entity, entrusts the contractor (the second party) with the performance of an act or the purchase of goods for a certain amount. Firstly, due to the importance of oil contracts in the economic and also security, and political planning of the countries that own the reservoir, including Iran, and secondly, due to the large number of uses of this type of contract, in 2018, the Vice President of Engineering, Research, and Technology of the Ministry of Petroleum, during the document preparation of the general conditions of such contracts presented the obligations and responsibilities of both sides of the agreement in one place, codified and for exclusive use in the oil industry. Four years later, due to the changes in the conditions governing the domestic and foreign markets and to meet the appropriate needs of this complex industry and benefit from past experiences, we are witnessing changes, reforms, and innovations in the document above. In the following article, the most important differences and innovations of the recent approval document have been discussed and analyzed with a descriptive and analytical approach because it has created a benefit or right for the employer or clarified or strengthened the previous rights. The result of the research shows the consolidation of the position of the employer and the importance of protecting his interests more than before in all stages of the contract from the beginning to the end compared to the previous document.
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| Keywords: Innovations, Reforms, Employer, Contractor, EPC |
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Type of Study: Research |
Subject:
Special
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