Effective Conciliation more useful than dispute adjudication board in oil and gas project and subsidiaries.

Oil Contracts such as many other international commercial contracts are so complex. There are many subsidiaries in relation to an international construction contract.. Disputes are inseparable part of almost all international long term construction contracts which deal with huge financial and human resources. It is more vital how to deal with disputes and solve them. Suspension or any stop in project works would definitely affect other subcontracts. There is new trend for resolving disputes out of courts by the way of ADRs. These techniques need to be regulated to guarantee the enforcement of the outcomes. Conciliation is one the ADR techniques. It will be argued that how the current regulations in Iran legal system might be harmonized by international conciliation rules. By the way of these updates the decision of a conciliator could be enforced as a judicial award . This approach could to some useful extend guarantee the cash flow and financial efficiency of construction projects in long term contracts.