The dynamic optimal production path in upstream oil and gas fields and contractual distortionary effects

Fazel Moridifarimani

PhD Title:
The dynamic optimal production path in upstream oil and gas fields and contractual distortionary effects

Email Address:

Country: Iran


Fazel finished his first masters in Economics in 2006 in Iran. He worked in the country as an economic analyst with both private and public bodies for more than 5 years, of which 3 years was focused in the oil and gas industry.

Successfully completing the second master degree in economics at the University of Windsor, Ontario in 2011, broadened his horizon for choosing a PhD programme. He was awarded the prestigious CEPMLP full scholarship in 2012 and started his PhD study in the same year.

Upstream oil and gas economics and optimal production path modelling are among his major fields of interest. In addition to his research, Fazel also worked as the teacher assistant to the economic modules in the CEPMLP including Petroleum Policy and Economics and Energy Economics. Currently, he works as the Distance Learning Student Support within the CEPMLP.


Fazel M. Farimani, Xiaoyi Mu, and Ali Taherifard, (2016). The Distortionary Effect of Petroleum Production Sharing Contract: A Theoretical Assessment, in Doerner, K., Ljubic, I., Pflug, G., Tragler, G. (Eds.). Selected Papers of the International Conference of the German, Austrian and Swiss Operations Research Societies, University of Vienna, Austria, September 1-4, 2015, Springer, Germany.

Zangeneh, M. N., Farimani, F. M., & Fard, A. T. (2015). Damage Evaluation in Upstream Oil Contracts Using Optimal Control Theory. OPEC Energy Review, 39(3), 266-284.

Moridifarimani, F. (2011), Competing Cartels in Substitute Markets, Application in Global Oil and Gas Markets, M.A. Major Paper (Final component toward  the MA degree), University of Windsor, ON, Canada.

Moridifarimani, F. (2006), Energy Subsidies Elimination in Iran, the Distributional Effects, Input-Output Analysis, M.A. Dissertation, Imam Sadiq University, Tehran, Iran.

Conferences Presentation

Sahebonar, H. Taherifard, A. Moridfarimani. F. Economic Analysis Of New Iranian Petroleum Contract (IPC): The Case Study Of Caspian Sea Fields, International Association of Energy Economics Conference (IAEE), Baku, Azerbayjan, June 2016. Concurrent Sessions’ presentation

Farimani, F.M and Taherifard, A. (2014), How Upstream Financing Contracts Distort the Field’s Dynamic Optimal Production Path? Production Sharing Contract Perspective, Operation Research (OR 2015), Optimal Control Stream, Austria, Sep 2015.

Farimani, F.M and et al. (2013). Estimating the Remedy for a Breaching of an Upstream   Oil Contracts, How Dynamic Optimization Method Would Contribute?, 9’th Conference on Law and Economics, The Italian Society of Law and Economics (ISLE), Switzerland, Lugano, Dec 2013. Concurrent Sessions’ presentation

D. Muwooya and Farimani, F.M a Comparative Economic Evaluation of Petroleum Fiscal Regimes in East Africa, International Association of Energy Economics Conference (IAEE), Antalya, Turkey, May 2015. Poster Section

Buba, I and Farimani, F.M. Natural Gas Vulnerability Index Of Natural Gas Importing Countries: Reflecting  The Dimension Of Environmental Sustainability In The Vulnerability Trend From 1998, European Association of Energy Economics Conference (IAEE), Rome, Italy, Oct 2014. Concurrent Sessions’ presentation