Development of the Iranian oil industry: international and domestic aspects

Book · Thu Jan 01 04:00:00 EST 1976

OSTI ID:7240599

Fesharaki, F

Iran is the oldest Middle East oil producer, the first to nationalize its oil industry, the originator of the national oil company concept in the region, the promoter of the new and innovative oil contracts, and the most economically advanced producer in OPEC. Part I (2 chapters) is concerned with the economic and political implication of the early oil concessions in the period 1901-51. It shows the difficult tasks the National Iranian Oil Company (NIOC) had to face in transforming the disintegrated market into a coherent one. Part II (5 chapters) discusses the process through which NIOC and the Iranian government succeeded in asserting Iran's control of its industry and the international implication of these activities. The Iranian nationalization of 1951, the Consortium agreement, and the award of nonconcessionary joint venture and service contracts are considered. A comparison of the conventional and nonconventional contracts is carried out. The importance of Iranian influence in OPEC, the conflicts of interest between the members, the chances of OPEC's survival, the issue of oil revenues in Iran, and the petrodollar problems are also considered. Part III (5 chapters) deals with the domestic activities of NIOC in Iran. It discusses the objectives and the manner of their implementation, examines its sources of supply, and examines the factors that have influenced its growth. Included also are price and cost structures and the profitability of the oil operations. (MCW)

• OSTI ID: 7240599
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020000 -- Petroleum
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ECONOMICS
ELEMENTS
INDUSTRY
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
IRON
METALS
MIDDLE EAST
OPEC
OPERATION
PETROLEUM INDUSTRY
TRANSITION ELEMENTS