Clause 32 of the Iranian Energy Strategic Document highlights a shift in perspective regarding oil, gas, and the revenues derived from these sources of public budget financing toward viewing them as economic capital and renewable resource assets. This objective underscores the envisioned primary role of oil and gas revenues at the national macroeconomic level and serves as a foundation for defining related strategies, policies, procedures, and regulations within the oil and gas sector. Accordingly, the review and reform of the relationship between the government, oil, and the National Development Fund of Iran should be conducted with this overarching goal in mind—that is, to promote wealth creation from natural resources.

It is worth noting that this research report was authored by Mina Aboutalebi, in collaboration with the Expert Working Group on Macroeconomics and Sustainable Development of the First National Conference on Improving the Budgeting Process in Iran, and comprises 19 pages.

Those interested in reading the report may access and download the full research document through the following link.