Strategic Analysis of the Iran Petroleum Contract (IPC) Framework: Enhancing Foreign Investment and Advancing Iran's Foreign Policy Objectives(مقاله علمی وزارت علوم)
منبع:
Iranian Review of Foreign Affairs, Volume ۱۴, Issue ۳۷- Serial Number ۱, Winter and Spring ۲۰۲۳
165 - 188
حوزههای تخصصی:
The Iran Petroleum Contract (IPC) framework represents a significant shift in Iran's approach to attracting foreign investment in its oil sector while advancing its foreign policy interests. Drawing upon resource nationalism theory, foreign direct investment theory, and economic statecraft theory, this study addresses the central research question: How does the IPC framework aim to balance attracting foreign investment in Iran's oil sector with advancing its foreign policy objectives? Employing a descriptive-analytical approach, the research utilizes qualitative analysis, comparative analysis, and scenario planning to assess the IPC's implications. The findings highlight the IPC's potential to enhance technology transfer, boost oil production capacity, and foster regional cooperation. However, challenges arising from political risks, international sanctions, and domestic opposition must be addressed with targeted policy measures. The study offers recommendations to enhance the IPC's effectiveness, including streamlining bureaucratic processes, offering competitive fiscal terms, strengthening legal frameworks, enhancing transparency, and developing local capabilities. Moreover, aligning the IPC with Iran's foreign policy goals requires diversifying investment partnerships, leveraging the framework for regional cooperation, and integrating it with national development objectives. The insights provided contribute to understanding the complex interplay between contractual frameworks, foreign investment, and strategic interests in Iran's oil sector, informing policymakers, industry stakeholders, and researchers in their decision-making processes. The IPC's successful implementation will be crucial in shaping Iran's economic development and foreign policy trajectory in the years to come.