The Waste of Iran’s Wealth

Iran

 a spokesman of the Iranian regime’s judiciary announced in a press conference that Bijan Zanganeh, the former oil minister for the regime’s seventh, eighth, eleventh, and twelfth administrations, was present in the criminal court in regards to the Crescent case.

Regarding the inquiry of Zanganeh’s accusations, Massoud Satayeshi said, “The expert discussion has been completed in full and the next meetings will be held in the coming days and the results will be announced.”


The Crescent case is a highly prolonged and complicated dispute in the regime due to the scale of mass corruption surrounding it. So much so that even the regime themselves could not condone the crimes implemented in this case.


This dispute is concerning a gas contract between the National Iranian Oil Company (NIOC) and Crescent Petroleum. Initial negotiations began in 1997 and led to an ambiguous joint agreement in 2001. They agreed that the regime will transport Iran’s gas from the Salman oil and gas field, part of which it shares with the UAE, to the Crescent company for 25 years. At the time, Crescent negotiated a fixed purchase price of 18 USD per barrel for the first seven years, which would increase to 40 USD for the subsequent 18 years

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