Corporate Social Responsibility (CSR) means transnational corporations (TNCs) are responsible for not only the interests of their shareholders, but also the interests and welfare of the local community of the area in which they operate. Therefore, TNCs have to furnish the local community beneficial and social services voluntarily and free of charge to help the local community achieve sustainable development. A question may arise whether it is legally feasible to oblige these corporations to abide by social responsibility in oil and gas industry and its resources specially petroleum laws, regulations and contracts as well as international investment treaties. This article shows that basically CSR in oil and gas industry is voluntarily enforced by TNCs who perform it for non-binding and moral reasons. Nonetheless, in oil and gas industry and its sources especially petroleum laws and contracts, it is feasible to require TNCs to undertake CSR and various dimensions therewith.

Despite the current developments in creation of state security, the question of affording energy security is of paramount importance worldwide. Hence, all countries try to adopt myriads of laws and regulations aimed at energy security. Energy security relates to the degree of economic welfare attached to the rise or fall in either the price or availability of energy. The Islamic Republic of Iran, on the one hand is located in a strategic center of producing and exporting energy (oil and gas) known as “ellipse of energy.” On the other hand, it is situated in the transit way of energy to large consuming markets such as South and East of Asia and Europe. Thus, Iran is currently considered as an effective player in providing energy security in the world. In this article, the authors seek to analyze the strategic policies and priorities stipulated in the oil and gas-related regulations of Iran in terms of energy security.