The Investigation of Economic Factors in Post-Sanction Condititons

The most important expectation of Petroleum Industry is that foreign companies bring required technology and capital to our country; moreover, they can benefit from the maximum potential of Iranian companies which have flourished in recent years in projects and pave the way for the training of Iranian workforce and companies especially in the field of project management.

The investigation of economic factors in post-sanction conditions is among the issues creating a lot of concerns in Iran’s economy and market.

The main factors include: 1- updating technology, 2- investment inside the country, 3- releasing blocked capital, 4- drilling services equipment quality enhancement, 5- definite prosperity of business market, 6- The necessity of efficiency increase in drilling services companies, 7- Dramatic increase of competition, 8- Increase of clients; required standard level, 9- Access to financial resources, 10- Access to global market banks, 11- Access to main equipment manufacturers, 12- the possibility of organizing training courses related to new technologies in Iran. One of the objectives of drilling service provider companies is to supply finance and attract workforce for new projects in post-sanction epoch.

The most important expectation of Petroleum Industry is that foreign companies bring required technology and capital to our country; moreover, they can benefit from the maximum potential of Iranian companies which have flourished in recent years in projects and pave the way for the training of Iranian workforce and companies especially in the field of project management. This issue is in favor of the majority of domestic contractors and manufacturers working professionally and competitively. Partnerships with global brands, the reduce of providing services costs, production with more export orientation, access to new global and regional markets , enhancement of source country role with the purpose of branding, reduction of business costs particularly in the field of “ usance “ and “ finance “ and the use of new technologies , is the important opportunity facing Iranian oil industry. In case of banking sanctions uplifting, monetary and financial communications will be normal. As a result:

1 The money of oil export will be received without delay. 2- Foreign purchases are done by opening letters of credit and directly from the main seller preventing dealership and its consecutive corruption; additionally, its costs and risks are less than present ways of money transfer, and it will reduce the costs of manufacturing sites and their needs to cash flow. 3- Our country’s export is done by credits and export exchange will be directly possessed by exporter. 4- The possibility of using international financial resources will be brought about for the country. 5- Foreign investment will be possible. 6- Normal financial and economic relationship with international countries and organizations will be established.