Analysis of alternative dispute resolution methods (ADR) On Iran's new upstream oil contracts IPC

ADRs have been introduced for decades as an appropriate way to resolve disputes in upstream international contracts in the oil and gas industry; an example of this is the adoption of the International Commercial Compromise Law. The question to be addressed here is whether or not the ADR in the IPC is a reference to all of its instruments or to a particular type of instrument and what is the ADR in fact. This article aims to respond to this by reviewing upstream international contracts in the oil and gas industry. The results of this paper confirm that the combination of two expert and arbitration processes can maintain long-term contractual relationships of the parties and be efficient in terms of time and finances. This research proves that peer-review is the best way to resolve disputes in new upstream contracts in the oil and gas industry called IPC.