CHAPTER 6

Coping with State-Led Unglobalization

A Historical Analysis of Iran’s Petroleum Industry

Alireza Saify, Joobin Ordoobody, and Jasper Hotho

Throughout modern history, Iran has experienced significant waves of antiglobalist and anti-Western sentiments. It is therefore somewhat paradoxical that, over the past decades, the National Iranian Oil Company (NIOC), a state-owned corporation, has emerged as the world’s second largest player in the global petroleum industry. In this chapter, we trace the origins of the antiglobal pressures NIOC faces at home and show the deep historical embeddedness of these pressures. Specifically, the chapter aims to describe how the institutional logic of the state gradually came to dominate the petroleum sector ...

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