Will South Pars help Revive Iran’s Economy?

Thus, the Oil Ministry had no option but to turn to Iranian contractors to complete unfinished units as well as build planned units in order to make the entire project operational in a timely fashion. The consortium in charge of developing offshore and onshore units of phases 15 and 16 consists of Iranian companies Aria Naft Shahab Co., Iranian Offshore Engineering and Construction Company (IOEC), Iran Shipbuilding and Offshore Industries Complex Co. (ISOICO), Saff Group and Dana Energy. In addition to these firms, some of which are National Iranian Oil Company (NIOC) subsidiaries, the Khatam al-Anbiya Construction Headquarters, a subsidiary of Iran’s Islamic Revolutionary Guard Corps, also had a significant role in gas refinery construction in these phases.

As such, for Iran, domestic companies’ completion of phases 15 and 16 is in essence the materialization of the Islamic Republic’s motto of “we are able” (maa mitavanim). In this vein, the inauguration of these phases constitutes a message from the Oil Ministry to Iranian media and the public that its policy is to follow the supreme leader’s command to move toward creating a “resistance economy” (eqtesad-e moqavemati), which emphasizes conservation of raw materials and focus on exports of finished goods and products, and especially petrochemicals.

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