This article examines main factors that determined Iran’s oil production and investment policy between 2006 and 2015 based on the quarterly data for Iran oil production and oil export that has been showing negative and zero growth rate due to international sanctions. Though in some of Iran’s oil sector the sanctions were waived and exempted from under Iran Sanction Act (ISA), Iran was not able to fulfill foreign investment contracts even though the nuclear deal has removed legal obstacles for increasing production of oil and bringing investments in the petroleum sector.
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