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Abstract

During the past several years Iran' s potentials have been forgotten or ignored by the outside world mainly due to misconceptions, fears, and political concerns attributed to the religious overtone. The intention of the authors is to present a broad and general introduction to the new realities of regional, as well as global geopolitics and the main political and economic aspects of Iran's huge and growing petroleum industry.

The fact of the matter is that in the rapidly changing world order the need for a true stability in the region and a global cooperation has been recognized by Iran.

The country, with a population of 60 million, is now preparing itself for the major political and economic role thrust upon the nation by the socioeconomic changes in the integrating Europe; the outcome of the Iran-Iraq and the Persian Gulf wars, including the likely instability of the autocratic governments of Arab states of the region; the breakup of the former Soviet Union; and market changes in the Far East. Consequently, in recognition of the internal and external needs, Iran is expanding relations with the outside and expects to rebuild and develop its economy with the assistance of the industrialized nations for mutual benefits.

Understanding and recognition of these changes is the idea, for which the time has come.

Introduction

The demand for crude oil and natural gas has been growing throughout much of the world. The major factors responsible for the growth are population increases, rising standard of living, transportation needs, urbanization, and industrialization.

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