NIOC and the State – Commercialization, Contestation and Consolidation in the Islamic Republic of Iran

While Iran’s oil industry has long been a subject of great interest for academics, industry analysts and the news media surprisingly little attention has been paid to the institutional apparatus of the Iranian hydrocarbon sector and its embeddedness in networks of political power. The institutional embodiment of Iran’s oil industry is the nominally state-owned National Iranian Oil Company (NIOC). However, this paper argues that the relationships between NIOC and the political claimants that surround it resist simple definition. Furthermore, it is only in the detailed study of these relationships that developments in the Iranian hydrocarbon sector can properly be understood. The paper draws extensively on Persian language media reports to trace the roots of the current consolidation of oil industry governance under individuals and companies affiliated with the Iran Revolutionary Guards Corps (IRGC).

By: William Yong

Latest Tweets from @OxfordEnergy

  • OIES's @thierry_bros shares his views with @ICIS_energy "... investors need low cost LNG to guarantee profitability… https://t.co/eFnRD0ovAa

    November 14th

  • Russia’s gas pivot to Asia https://t.co/FIQFDGJnGR

    November 14th

  • As Denmark is considering its decision in respect of #NordStream2 permit, @katyafimava made a presentation about th… https://t.co/9ePnZ2SzST

    November 13th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.