Alireza Hasanalizadeh Articles List

List of Articles Alireza Hasanalizadeh

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1 - Legal analysis of the fiscal regime of IPC upstream contracts in the oil and gas industry in Iran.
Alireza Hasanalizadeh ali zare Mehdi Montazer

This research focuses on the legal analysis of the fiscal regime of IPC upstream contracts in the oil and gas industry in Iran. Due to the short lifespan of buyback contracts and the consequent non-perseverance of their production, as well as being unattractive to forei More

This research focuses on the legal analysis of the fiscal regime of IPC upstream contracts in the oil and gas industry in Iran. Due to the short lifespan of buyback contracts and the consequent non-perseverance of their production, as well as being unattractive to foreign contractors, new oil contracts called IPCs aim to attract foreign investment, transfer technology, produce protection from reservoirs and increase the recycle coefficient as well as increase presence in international markets by way of creation of domestic exploration and production companies. The new oil contracts are in essence the improved version of buyback contracts. The new model for the new oil contracts is the risk associated services type, and it captures different facets of the oil industry (exploration, development and production). In the new oil contracts, costs are determined annually based on field behavior and through negotiations, the fiscal structure of these contracts is comprised of government revenue and oil costs. Oil costs consist of direct investment costs, indirect costs, cost of money, operational costs and salaries. The payback of direct investment costs happens in 5 to 7 year installments and other costs as and the contractor remuneration are reimbursed from the place of 50% of the field revenue. Payback will commence after production begins. The contractor remuneration is based on daily production (fee per barrel). the fiscal regime in the new oil contracts is a factor that seeks to strike a balance between the conflicting interests of the parties to the contract. Manuscript profile
Open Access Article
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2 - Comparative Analysis of the Financial Regime of New Petroleum Contracts, Known as IPC, and Buyback Trade in Terms of Costs
Alireza Hasanalizadeh ali zarea mahdi montazer

One of the key components of contracts is the associated charges. This paper studies types of costs in buyback and the new petroleum contracts for the first time. Buyback contracts are financially comprised of capital expenditure, non-capital expenditure, project’ More

One of the key components of contracts is the associated charges. This paper studies types of costs in buyback and the new petroleum contracts for the first time. Buyback contracts are financially comprised of capital expenditure, non-capital expenditure, project’s financing cost, operating cost and remuneration. The most important difference between the new petroleum contracts and the buyback contracts is the longer duration of the new petroleum contracts as well as the presence of the contractor during the period of operation. The financial structure of these contracts is comprised of government revenue and oil cost and the oil cost is comprised of direct capital expenditure, indirect cost, cost of money, operating cost and remuneration. Unlike the buyback contracts, direct capital expenditure in the new petroleum contracts has no specified ceiling from the outset and it is determined on an annual basis in consideration of the behavior of reservoir and market conditions (inputs). Cost of money has been provisioned in the new petroleum contracts for project financing and this item is defined in the buyback contracts as “bank charge”. In contrast to the buyback contracts in which all direct and indirect expenses incurred by contractor were subject to interest, in the new petroleum contracts, only indirect expenses and delay in repayment of expenses on due date are subject to interest. Manuscript profile

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List of Articles Alireza Hasanalizadeh