Energy Information Administration , Iran Country Analysis Brief 2005 . These contracts include buyback contracts which are arrangements that allow a contractor to fund all investments , while at the same time receiving remuneration from the National Iranian Oil Company (NIOC ) through an allocated production share . The contractor then transfers operation of the field to NIOC once the contract is completed . This system has disadvantages for both the NIOC and the contractor . One , by offering a fixed rate of return which is usually...











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