Evolution of Iranian energy sector before and after the nuclear deal of 2015

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2017
Zengin, Dilara
This thesis examines development of energy sector and policy in Iran, which holds fourth largest oil reserve and second largest natural gas reserves of the world, from discovery of oil in the country in 1908 to the present. The study first provides a historical background of energy resources in the country. It mainly focuses on the discovery of reserves and use of oil, natural gas, nuclear and other resources. The thesis then analyzes Iran’s energy sector and its policy during the period of nuclear-related sanctions which were imposed mainly by UN, along with US and the European Union. Following the sanction period, it examines the nuclear deal of 2015 between Iran and the US, the UK, France, Russia and China, plus Germany (P5+1). Finally, the study discusses developments in the Iranian energy sector and impacts of the sanction relief as a result of the nuclear deal reached by the West and Iran. Contrary to the opinions of scholars who claim that Iran would regain power in energy with the nuclear deal, this thesis argues that the impact of the deal on energy sector has been limited.