The future of oil and its impact on the economic security of the Islamic Republic of Iran

Document Type : Original Article

Authors

1 Tehran University

2 Supreme National Defense University

Abstract

Energy resources are one of the most important issues related to the current human civilization. Among all energy carriers, hydrocarbon resources have an unrivaled position in the world's energy basket. The long-term impact of oil on the economic security of the Islamic Republic of Iran is important as one of the largest countries with conventional hydrocarbon reserves on the one hand and an oil-dependent economy on the other. Climate change, energy transitions and the changing role of oil, the most important mega-trends and technological changes related to renewable energy, energy efficiency, increased oil and electric vehicle extraction, increased production from unconventional oil and gas sources and the digital transformation of effective propulsion and driving forces shaping oil futures. The long-term future of oil will undermine economic security as one of the key dimensions of national security. In order to reduce the negative effects of the economy's dependence on oil and stabilize the country's economy and with the aim of transforming the oil-based economy into an oil-based economy, adopt six priority strategies, including reforming the budgeting system, improving the energy subsidy system, integrating decision-making and policy-making. In the energy sector, it is necessary to complete and develop the value chain, invest in renewable energy, and ultimately increase oil production in order to convert underground resources into surface resources and create wealth from oil exports.

Keywords

References

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