Iran ideological army takes on energy contracts

(IranMania) - Iran's powerful ideological army, the Revolutionary Guards, is set to enter the oil and gas sectors in a move that would increase their stake in the Islamic republic's economy, AFP reported.

"The Revolutionary Guards have obtained the contract to develop phases 15 and 16 of South Pars," a huge offshore gas field divided between Iran and Qatar, General Abdolreza Abed said in an interview with the Shargh newspaper, reports Trend.

Abed, who heads up the Guards' economic operations, said the contract was worth $2.09 bln.

The deal would be a major boost to the operations of the force, initially created after the 1979 Islamic revolution to protect the regime from foreign and domestic threats.

It comes on the back of a string of advances into Iran's economy: several weeks ago the Pasdaran, as the Guards are called in Farsi, were awarded a 1.3-billion-dollar contract to construct a 900-kilometre (570-mile) pipeline between South Pars and southeastern Iran.

In both South Pars cases, the projects were awarded after the usual tendering process was abandoned.

For the South Pars development deal, the Revolutionary Guards, under the name of their economic nerve centre of Khatam al-Anbia, entered a partnership with the Norwegian firm Aker Kvaerner, although this firm subsequently pulled out, AFP noted.

The oil ministry then moved to open another tender process, but this was cut short.

Last week, press reports said the Revolutionary Guards have also been awarded a two-billion-dollar contract to develop Tehran's metro system.

For many observers, the wave of lucrative deals going to the Guards is connected to last year's shock presidential election win by hardliner Mahmoud Ahmadinejad, a veteran of the force, who promised to favour domestic entrepreneurs.

In his former job as Tehran's mayor, Ahmadinejad had already awarded municipal contracts to the Guards, who began to move into business during the reconstruction phase after the 1980-88 war with Iraq.

Completed contracts include the construction of a new 120-kilometre highway between Tehran and Saveh to the south, as well as dams.

The Pasdaran have also been steadily encroaching into national politics, and during disputed parliament elections in 2004 some 40 Revolutionary Guards veterans managed to win seats.

General Abed told the centrist Shargh newspaper that there was nothing wrong with the Revolutionary Guards, now one of Iran's most powerful institutions, branching out.

"Since when do the Pasdaran have to stick to building roads, dams, small tunnels or short pipelines?" he argued. "If we take on big projects we can put small entrepreneurs to work."

The general said the Revolutionary Guards' economic reach currently consists of 247 projects worth 21 trillion rials ($2.28 bln), while 1,220 projects worth between 2.7 and $3.2 bln have already been finished.

But with foreign investment in the oil sector limited, the Guards appear ready to shift into top gear by filling the gap -- with General Abed also revealing his force's involvement in a new petrochemical port.

"Thirty percent of the Pasdaran's engineering capacity is dedicated to economic activities, and 70% to military," he said.

US embassy in Azerbaijan urges to reconsider non-essential travel outside Absheron Peninsula
US embassy in Azerbaijan urges to reconsider non-essential travel outside Absheron Peninsula
Baku Higher Oil School on top of grade ranking among universities in Azerbaijan
Baku Higher Oil School on top of grade ranking among universities in Azerbaijan
Azerbaijan confirms 137 more COVID-19 recoveries (UPDATE)
Azerbaijan confirms 137 more COVID-19 recoveries (UPDATE)
Loading Bars
Russian’ Astrakhan interested in importing Turkmen textiles
Armenia violates ceasefire with Azerbaijan 48 times
Number of coronavirus cases in Uzbekistan approaches 55,000
Mitsubishi Motors to cut 500-600 jobs to reduce costs
Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources
Every 250th person on Earth already contracted coronavirus
Latvia ready to provide access to its sea ports to Central Asian countries
Uzbekistan reduces import of electrical goods from Turkey
Gakharia: Georgia is a part of European civilization
Chinese mainland reports no new locally transmitted COVID-19 cases
American Airlines to get $5.5 bn loan from US Treasury
Togo's prime minister and government resign, presidency says
Brazil exceeds 140,000 deaths from COVID-19
124 illegal immigrants rescued off Libyan coast: UN
Seventeen more coronavirus patients die in Moscow in past day — crisis center
U.S. COVID-19 cases surpass 7 mln -- Johns Hopkins University
FAA chief set to conduct 737 MAX evaluation flight next week
UK pledges over $400 million for WHO, calls for end to 'ugly rifts'
25 people killed in military plane crash in Ukraine (UPDATE)
UAE reports 1,008 new COVID-19 cases, 89,540 in total
Turkmen textile company reveales production volume
Coronavirus cases pass half-million mark in France
Kazakhstan's export to Romania decreases amid COVID-19
TRT World aires documentary on devastating effects of Armenian-Azerbaijani conflict (VIDEO)
Inflow of Turkish labor migrants to France plunges to record low
Iran's trade with EU declines
Google to block election ads after November 3
Police officer shot dead at custody centre in London
Turkmen textile company talks impact of COVID-19 on exports
Level of dollarization on individuals' bank deposits in Azerbaijan increase
Georgia reveals volume of processed grapes as of Sept.25
Rise in COVID-19 cases in Turkey now under control, health minister assures
Azerbaijani president: According to our intelligence, very serious military training under way
President Ilham Aliyev: Armenia is preparing for war
President Ilham Aliyev: Region has not become a safer place, unfortunately, situation is deteriorating
US embassy in Azerbaijan urges to reconsider non-essential travel outside Absheron Peninsula
Global COVID-19 death toll could hit two million before vaccine in wide use: WHO
'Intellectual Field' to allow stabilize production level in Kazakhstan
Iran's auto giants to talk over hybrid vehicles production
Azerbaijani ministry discloses volume of toxic emissions from cars
Georgian expert: Armenian authorities controlling separatist regime in Karabakh crossed red line
Azerbaijani minister of economy reviews activity of industrial enterprises in Ganja (PHOTO)
Volume of maritime cargo transshipment from Portugal via Turkey disclosed
Tactical-special and combat training classes underway in Azerbaijan (PHOTO/VİDEO)
EBRD and FAO to assist Georgia in field of agro tourism
Uzbekistan to be supplied with Russian coronavirus vaccines
Uzbekistan, Tajikistan to maintain Uzbek energy and water resources balance
Azerbaijan’s Bakcell preparing discounts for teachers within project
UK study shows rapid test has diagnostic sensitivity over 99%
Kazakhstan's grain export volume revealed
Amazon hiring 150 employees in Israel
Baku Higher Oil School on top of grade ranking among universities in Azerbaijan
Mortgage lending via state line in Azerbaijan up
Russia leading exporter of polymer products to Turkmenistan
Volume of deposits up in Georgia
September occupancies up in Georgian regional hotels
Kazakhstan, Azerbaijan strengthening co-op in medical tourism
Rates of dollarization on loans and deposits up in Georgia
Volume of deposits in Azerbaijan grows
Russia increases exports of frozen vegetables to Turkmenistan
Bakcell talks about network congestion and secure internet
Azerbaijani banks increase lending to clients
Iranian government is modernizing agriculture in Tehran Province
Italy lowers import of Turkish cars
Loans and deposits, expressed as percentage of GDP, increase in Georgia
Netherlands increase export volume to Kazakhstan year-on-year
Georgian hazelnuts exports up
Azerbaijan's Anglo Asian Mining reveals 1H2020 income
Several industrial projects to be implemented in Kazakhstan's Almaty
Azerbaijan's Azexport portal to place insurance services
Sooner Armenia withdraws its armed forces from the occupied territories of Azerbaijan, sooner the conflict will be resolved (PHOTO)
Moscow reports 1,560 new coronavirus cases, highest since June 12
Azerbaijani schoolchildren perform successfully at 32nd International Olympiad in Informatics (PHOTO)
Azerbaijan confirms 137 more COVID-19 recoveries
ADB: Developed capital markets enhance financial stability in Azerbaijan
Covid-19 daily infections swell 12% to new record
Energy efficiency to be increased at Uzbek manufacturing enterprises
Shell books tanker to load crude at Libya's Zueitina oil port
Turkmenistan’s Oil Refineries extends tender for gasoline purchase
Kazakhstan's QazTech Ventures to fund Uzbek startups
Gas exports from Azerbaijan to Turkey significantly up
VTB Bank, Entrepreneurship Development Fund of Azerbaijan issuing loans to businesses
Azerbaijani FM receives ambassador of Greece
Vietnam interested in import of Azerbaijani products
EU working with Georgian partners to strengthen cybersecurity in country
Azerbaijani ministry talks introduction of contactless payment in public transport in districts
Central Bank of Azerbaijan to hold deposit auction
Azerbaijan discloses data on tobacco exports for 2019
BP: Oil demand to remain central part of energy system for next 10–15 years
Azerbaijani MP: Armenia resettling terrorists to Nagorno-Karabakh region, facts prove ASALA's presence
Apple says has always abided by Irish law as EU appeals court ruling
Precious metal prices in Azerbaijan up again after decline
Iran assigns housing units to low income
Money supply increased in Uzbekistan
Uzbekistan to export fuel diesel to Pakistan
Georgia reveals volume of premiums attracted by insurance companies
UN highlights Azerbaijani president’s speech at 75th session of UN General Assembly
Kazakhstan's largest oil pipeline company to buy power stations via tender
LNG demand to double over next 20 years
Volume of gas production by Turkmenistan’s Lebapgazchykarysh revealed
All news