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Abstract

The Persian Gulf region with almost 64 percent of crude oil and more than 33 per cent of natural gas appears to be the largest source of energy in the world. Due to shallowness and narrowness of the persian Gulf and the fact that the edge of the continental shelf appears in the strait of Hormuz, the littoral states have to share the same continental shelf as well as the same exclusive economic zone. This mean’s that the seabed and water surface have to be delimitated among the adjacent and opposite states. Among littoral states Iran has the most common fields in the Persian Gulf. However, in spite of the Continental Shelf Oil Company long experience in operation, due to excess expliotation of common fields by other countries energy emigration has become an important issue. Therefore national interest conservation and probability of new fields exploration necessitate changes in policies of Ministry of Petroleum as well as Continental Shelf Oil Company.

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