This article addresses the evolution of Iran's oil revenues during the last three decades. Iran's oil revenues increased substantially due to 1974 oil shocks. So much so, the oil revenues became the main source of government export revenues for the investigated decades. However, there are a number of factors which have affected Iran's oil revenues such as world supply and demand, oil price fluctuations, country's production capacities, Iran-Iraq war, U.S-led sanctions and domestic consumption. The mentioned factors contributed to the performance of Iran's oil sector in GDP in post-revolution era.
Get full access to this article
View all access options for this article.
References
1.
BadieiS.BinaC., (2001), Oil and the Rentier State: Iran's Capital Formation, 1960–97, California State Polytechnic University, Pomona, University of Minnesota, Morris.
2.
Central Bank of Iran, Annual Report, Various Years.
3.
EstelamiH (1999) “Iran Response to U.S Sanctions”, Middle East Review of International Affairs, Vol. 3, No. 3.
4.
Europa World Year Book, 1999. Part Two, Vol. I, London.
5.
FatehM.1959. Fifty Years of Iranian Oil, (in Persian), Tehran.
6.
FesharakiF., (1976), Development of the Iranian Oil Industry, Praeger.
7.
JazayeriA., (1988), Economic Adjustment in an Oil-based Economy: Case of Iran & Nigeria, Aldershot, U.
8.
LooneyR, (1988), “The Impact of Oil revenues on the Pre-Revolutionary Iranian Economy”, Middle Eastern Studies, No. 14, October.
9.
OPEC Bulletin. 1999. (Vienna: OPEC).
10.
RazaviHVakilF., (1984), The Political Environment of Economic Planning In Iran: From Monarchy to Islamic Republic, Westview Press.
11.
RoseE. A., (2004), “OPEC's Dominance of the Global Oil Market: The Rise of the World's Dependency on Oil”, Middle East Journal, Vol. 58, No. 3, Summer PP: 424–443.
12.
IsfahaniD. J. Salehi, (1996), “The Oil Sector after Revolution, in Iran”, in BehdadRahnema, eds., Iran After the Revolution: Crisis of An Islamic State, London: I.B. Tarus.
13.
Sreedhar, (1996), “Changing Trends in the Oil Markets”, Strategic Analysis, Vol. 28, No. 12. pp: 1677–1689.
