Iran’s Petroleum Policy: How Does the Oil Industry Function in Revolutionary Iran?
The Iranian Revolution of February 1979 brought about fundamental changes in national and foreign policy. One of these fundamental changes concerned energy policy and particularly oil policy. Indeed, it may not be an exaggeration to argue that oil had been the central theme in the struggle to overthrow the Shah. Ever since the discovery of oil in Masjid-e-Soleiman in 1908, oil has played a major role in shaping the destiny of Iran. Iranian politics and nationalistic sentiments have for long been driven by the struggle against foreign domination of the Iranian oil industry. That the 1953 US-backed coup which brought the Shah back to power had been motivated by Western interest in Iran’s oil, was a factor that plagued the Shah for twenty-five years, denying him legitimacy as a political leader.
KeywordsPetroleum Income Drilling Flare Expense
Unable to display preview. Download preview PDF.