Farshad Momeni
Abstract
Oil and gas are exhaustible resources and maximizing national benefits in exploiting these resources is very important. In this regard and according to the general policies of the resistance economy of Iran, which emphasizes the endogenous and externally oriented economy, the purpose of internationalization ...
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Oil and gas are exhaustible resources and maximizing national benefits in exploiting these resources is very important. In this regard and according to the general policies of the resistance economy of Iran, which emphasizes the endogenous and externally oriented economy, the purpose of internationalization of the National Iranian Oil Company (NIOC) has been followed in this paper, which makes it an inclusive institution, optimal allocation of oil dollars also maximizes the intergeneration benefits. This purpose was followed by a historical and social analysis and historical review of rules and contracts of Iran’s oil upstream. by Williamson’s four-level theory, Ostrom's institutional framework and North’s social orders. The participants and institutional environment of the Iran oil upstream were analyzed. Internationalization has never been in the description of the duties of the NIOC, . In order to succeed in the internationalization of the NIOC, it should be focused on the aspect of techno - ware of the Iran's oil upstream, as well as the need for the convergence and support of the government with this purpose and governance reform of Iran oil upstream according to the current conditions of the country's reservoirs and the ability to carry out successful oil operations inside and outside the borders of the country. The first step to build an inclusive institution in the upstream sector of Iranian oil is to convince the extractive institutions benefiting from oil rents that such institutional changes will not reduce their benefits from rents.
