In a nutshell , the future for the Iranian petroleum industry and energy goals at large , despite the looming challenges and the inevitable changes to its structure and policies in the long run , seems bright and promising . Following , two decades of difficulties , the Petroleum Ministry is now becoming more focused on legal and structural reformations , essential to benefiting from a more efficient and globally competitive oil and gas sector . For the Iranian hydrocarbon sector , in order to , actualize its very true value within the country’s economy , it will require many reforms and restructuring processes , which will no doubt , take a few more years to materialize . This will certainly prove yet another major challenge for the Iranian officials during the 3rd development plan.
Meanwhile , in pursuit of the above , we would be witnessing many policy-making debates that will aim to obviate the bottlenecks in attaining the above objectives . However, at the heart of the country’s new policies will be , maximizing the job-creating potential of the oil and gas industries . As such , interested foreign observers are well-advised to take the debates regarding the local content , every bit as serious and thus attempt to appropriately respond to local expectations , by virtue of contemplating joint ventures and transferring technology to Iran . Similarly the envisioned Oil stabilization fund , will mean that the government’s traditional dependence on oil exports for revenue , be reduced . In spite of all said and meant to be done , one thing may as well not change . That is the financial significance of oil exports for the Iranian economy.