IRGC (Islamic Rev­o­lu­tionary Guards) may object to any type of arrange­ment that entails own­er­ship of the oil and gas fields or their rev­enues by a for­eign com­pany, pro­fessor of eco­nomics at U.S. North­eastern Uni­ver­sity, Kamran Dad­khah told Trend.

He was com­menting on the pos­si­bility of for­eign com­pa­nies coming back to Iran, for investing in country’s oil and gas fields.

Inter­na­tional com­pa­nies would like to invest in the devel­op­ment of oil fields if they can (at the least) par­tially own the field and its output. Cur­rently Iranian con­tracts are based on buy-​​back arrange­ment. That is, after the com­pany com­pletes the project and develops the field, the Iranian gov­ern­ment takes over and owns the project,” Dad­khah said.

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