دور النفط في اقتصاد إيران (1979-1989)‎

Abstract EN

After the Iranian revolution in 1979, the oil sector witnessed a comprehensive nationalization, represented in the establishment of the Iranian oil company, the abolition of the Anglo-Iranian oil company, which is dominant in the extraction and sale of Iranian oil, and the abolition of the agreements of the oil consortium companies exploiting Iran's oil wealth, and then the outbreak of the Iraq-Iran war (1980-1988) which cast a shadow over the reality of the Iranian economy, especially the oil sector, because Iran's economy is a unilateral economy, that is, it is based on the export of oil in the formation of government revenues and a source of supplying hard currency, which made it vulnerable to imbalance in the structure of the economy, and if oil prices fell, exports and treasury revenues declined.

which puts pressure on external balances and budget resources, which leads to a reduction in budget expenditures, after the end of the war in 1988, the Iranian government adopted a special policy to rehabilitate and develop the energy complex in order to increase oil production and exports, which led to a new call for foreign investment, and thus put an end to the oil policy followed since the Iranian revolution.