ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Petroleum and Energy Policy in Iran

Iran, a major oil producing and exporting country, also imports gasoline because of inadequate refining capacity and rising petrol consumption. This article examines the problems faced by an economy dependent on the export of crude oil and gas, that are compounded by the dilemmas of rising domestic consumption, a significant decline in productive capacity, burdensome energy subsidies and economic sanctions imposed by the United States.

Petroleum and Energy Policy in Iran The decade of the 1980s turned out to be a disaster both domestically and internationally for Iran. Aside from the war, the United States (US) embargo, motivated by the occupation of the US embassy (1980-81), set the stage for isolation and weakening of Cyrus Bina Irans economy. Oil production, while recov-

This article was originally intended to be published as a commissioned entry in Iran Today: Encyclopedia of Life in the Islamic Republic, Greenwood Press, 2008.

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