Iran`s petroleum policy: Current trends and the future outlook
The Iranian economy and political situation have undergone radical changes since the 1979 Islamic revolution. The excesses of the early years of the revolution have gradually given way to moderation and a more pragmatic economic policy--based on the principles of the free market. The petroleum policy, as a subset of the economic policies, has been somewhat affected by the political and economic developments in Iran. The petroleum policy has changed from a position of no foreign participation to a position that includes a desire for foreign participation, the text of a model contract, and an attempt to introduce new technologies in the upstream sector. This report provides an overview of the key issues facing the Iranian oil industry and the economic context in which the oil industry is operating in Iran. It describes the evolution of policies meant to move the oil industry toward the free market; it discusses Iran`s oil trading partners, the outlook for refining and project investments, and current and likely future developments in the natural gas and petrochemical sectors. In short, the report provides an up-to-date assessment of the Iranian petroleum sector and its likely evolution in the future.
- Research Organization:
- East-West Center, Honolulu, HI (United States)
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- DOE Contract Number:
- FG01-90IE10859
- OSTI ID:
- 10106269
- Report Number(s):
- DOE/IE/10859-T4; ON: DE95004466; BR: NA0200000; TRN: AHC29505%%83
- Resource Relation:
- Other Information: PBD: Dec 1994
- Country of Publication:
- United States
- Language:
- English
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