Quarterly Publication
Volume 5 (2021)
Volume 4 (2020)
Volume 3 (2019)
Volume 2 (2018)
Volume 1 (2017)
Journal Metrics
Number of Volumes 6
Number of Issues 18
Article View 28,566
Number of Submissions 239
Accepted Submissions 117
Accept Date (Days) 85

Call for Papers

We proudly announce that the journal of Petroleum Business Review (PBR) has been granted temporary permission for publication from the Ministry of Science, Research and Technology of Iran. It should be mentioned that PBR is granted the status of “Academic-Research”. The journal is to be published quarterly in English.

We hereby call for papers in Petroleum Business studies. We invite all scholars to submit their articles for review and publication to the journal. More information about guidelines for submission and the policy of the journal is provided here. Only articles received online through the website will be sent for referees.


Petroleum Business Review journal follows rules and guidelines defined by Committee on Publication Ethics(COPE)


All submitted manuscripts are checked for similarity through a trustworthy software named iThenticate to be assured about its originality and then rigorously peer-reviewed by the international reviewers.



  • Country of Publication: Iran      
  • Publisher: Petroleum University of Technology- Petroleum Faculty of Tehran
  • Format: Online
  • Print ISSN: 2645-4726
  • Online ISSN: 2645-4734
  • Available from: Open access
  • Acceptance Rate: More of 45%
  • Frequency: Quarterly
  • Publication Dates: Spring, Summer, Fall, Winter
  • Advance Access: open access
  • Language: English
  • Scope: Oil & Gas Management, Financing, Law, Accounting, Economics, Energy
  • Article Processing Charges: Free
  • Type of Journal: Academic-Research
  • Open Access: Yes
  • submission charge: free
  • Indexed & Abstracted: Yes
  • Policy: Double Blind Peer Review Confirmation
  • Review Time: 2 to 3 months
  • Contact E-mail: pbr@put.ac.ir


Original Article
1. A non-linear Approach to the Effect of Oil Shocks on Iranian Economy


Volume 6, Issue 1 , Winter 2022


  Abstract:The goal of this paper is to show asymmetric effect of oil shocks on Iranian economy. It uses non-linear time series models to investigate asymmetric effect of oil shocks on resource allocation in Iranian economy. The results show that negative oil shocks has been more persistent during last ...  Read More

Original Article

Mohamad Nasr Esfahani; Mansoure Mahdizadeh; Ehsan Rasoulinezhad; Rahele Montazer

Volume 6, Issue 1 , Winter 2022


  Since the last of 2019, the global economy has faced with unpredictable consequences of the COVID-19 which reshape various aspects and mechanism of economic market sides. The purpose of this paper is to ascertain the linkage between COVID-19, Carbon dioxide emissions, energy consumption in 34 Asian countries ...  Read More

Original Article
3. Designing a Forensic Accounting Model with a Focus on Protecting of Shareholders Rights of Petrochemical Companies: Fuzzy Network Analysis

Somayeh Sharifi; Seyed Ali Vaez; Mehdi Basirat

Volume 6, Issue 1 , Winter 2022


  The purpose of this study is to design a forensic accounting model focusing on the protection of shareholders' rights of petrochemical companies. The collection tool based on the analytical nature of the research consisted of two parts: evaluation checklist and matrix checklists. In fact, in order to ...  Read More

Original Article
4. .A study of the effects of divergence and convergence of OPEC member countries on the market potency of OPEC.

Shohreh Pirani

Volume 6, Issue 1 , Winter 2022


  convergence is a voluntary and adaptive process that different political actors to achieve their common Goals, Loyalties, coordinate their Activities and expectations and behave to reach coordination and Alliance in the International arena. The convergence sequel is acceptance to peace, Economical interests, ...  Read More

Original Article
5. Design a structured financing instrument in Iran’s downstream sector of oil and gas industry

hamid hosseinzadeh gohari; mohamad hashem botshekan; Moslem Peymani Foroushani; mohamad javad mohagheghnia

Volume 6, Issue 1 , Winter 2022


  One of the most important bottlenecks in the country's oil industry is the lack of sufficient liquidity and a suitable and codified method for financing projects in the downstream sector of Iran's oil and gas industry. These projects include construction of oil and gas refineries and petrochemical plants. ...  Read More

Original Article
6. Effective Development of Forensic Accounting Paradigm Based on the Risks of Oil Companies Investors: Interpretive Ranking Process (IRP) Matrix Analysis

Javad Darban Fooladi; Farhad Dehdar; Mohammadreza Abdoli

Volume 6, Issue 1 , Winter 2022


  Forensic accounting, as a process of legal inspection of corporate accounting practices, has today become an important strategy to prevent fraud and financial misconduct, which has created information transparency for investors to make financial decisions. Oil companies, as one of the capital market ...  Read More

Law Studies
1. The Taking Over of the Foreign Investor’s Property by the Host State in International Petroleum Agreements: How International Arbitration Practice Is Responding

Hamid Reza Younesi

Volume 5, Issue 2 , Spring 2021, , Pages 75-86


  The present article aims to examine the risk of host governments’ interference with the property of foreign investors (expropriation) in the petroleum industry. Host states have the police power to make regulatory changes. The ‘police power’ is defined as the inherent and plenary power ...  Read More

2. Relationship between Financial Leverage and Firm Growth in the Oil and Gas Industry: Evidence from OPEC

Sayed Mohammad Javadi; Abbas Alimoradi; Mohammad Reza Ashtiani

Volume 1, Issue 1 , Autumn 2017, , Pages 9-21


  Recent theories of firm dynamics emphasize on the role of financial variables as determinants of firm growth. Most of the technical literature shows that there is a positive relationship between financial leverage and firm growth. The purpose of this paper is to examine whether such relationship exists ...  Read More

Oil and Gas Economics and Management
3. The Effects of Green Tax Implementation on Labor Demand in Iranian Industry Sector

Mohammad Reza Lotfalipour; Elmira Zohourian; Mohammad Ali Falahi; Malihe Ashena

Volume 4, Issue 1 , Winter 2020, , Pages 61-73


  Environmental tax reform can be used in a fundamental transformation towards a green economy. Green tax may reduce the energy consumption and pollution emissions, as well as other economic benefits. This study mainly focused on the effects of green taxes on labor demand in Iranian industry sector during ...  Read More

Oil and Gas Economics and Management
4. Nord Stream 2 and the Strategic Balance of Power

Abed Akbari; Tahere Moghri Moazen

Volume 4, Issue 1 , Winter 2020, , Pages 1-11


  The pipeline project, Nord Stream 2 (NS2), has been an issue of controversies. Russia and Germany consider the project an economic contract, but the United-States and Eastern European countries have concerns about its geopolitical effects. These disputes have created a divide in Europe and have posed ...  Read More

Energy Management and Engineering
5. Evaluating and Prioritizing Asset Management Excellence Model Based on Critical Criteria Using the Combination of DEMATEL and ANP Techniques

Manoucher Vahedi; Mohammad Mehdi Movahedi

Volume 2, Issue 3 , Summer 2018, , Pages 56-65


  Today for installations management in equipment-based industries, such as oil and gas industry, the physical asset management development based on the ISO-55000 requirements is generally the most common issue in the world and particularly in Iran. Since this standard only expresses the requirements, ...  Read More

Original Article
1. Assessment of Asymmetric Oil Price Shock, Tax Revenues, Resource Curse, Stock Market, and Business Cycles of Iran using Structural Vector Autoregression (SVAR) Model

hamid reza modiri; Marjan Daman keshideh; hooshang momeni; amirreza keyghobadi; ali esmailzadeh maghari

Articles in Press, Accepted Manuscript, Available Online from 03 July 2021


  This study was conducted to determine the effect of the asymmetric oil price shock, tax revenues, resource curse, stock market, and business cycles of Iran by using the structural vector auto regression model (SVAR) for the 1984-2018 period. According to results of the estimated SVAR model, an impulse ...  Read More

Original Article
2. Evaluation of Key Factors Influencing Technological Innovation Management in Petrochemical Industry; Focusing case in Chemical Companies

Hamid Doulabi; Abbas Khamseh; Taghi Torabi

Articles in Press, Accepted Manuscript, Available Online from 03 July 2021


  Special attention to the relative advantages of the economy is the best way toward economic development of the country. The chemical sector, due to the country's advantage, owing to its considerable natural oil and gas resources, high variety of products, technology and market, has a significant charm ...  Read More

Original Article
3. Role of Social Media Advertising in Marketing Performance of Sepahan Oil Company by Total Interpretive Structural Model (TISM)

Mohammadali Tahanian; Mojtaba Ramezani; Ahmad Ghasemzade Khosroshahi; Mousa Rezvani Chamanzamin; Sirus Fakhimiazar

Articles in Press, Corrected Proof, Available Online from 28 September 2021


  In this study, which was synthetic and inductive-deductive in terms of data collection method, 12 marketing management specialists at the university level participated as panel members in the quality department. In fact, in the qualitative part, which used meta-synthesis and Delphi analysis, the aim ...  Read More

Original Article
4. Optimal analysis of valuation of petrochemical stock in the capital market by Total Interpretive Structural Model

Zahra Jafari; Zahra Moradi; Shohrah Yazdani

Articles in Press, Accepted Manuscript, Available Online from 14 November 2021


  The purpose of this study is to level the optimal analytical topics for evaluating the cost of petrochemical stock in the capital market. In this study, which was synthetic and inductive-deductive in terms of data collection method, 12 accounting and financial management specialists at the university ...  Read More

Original Article
5. Explaining the functional Components of third generation university in regional progress (Case studies of colleges, and scientific, research and technological centers in the Iranian oil industry)

Peiman Farahani; Alireza Moini; ruhollah akbari

Articles in Press, Accepted Manuscript, Available Online from 23 November 2021


  Paying attention to special opportunities and trying to enumerate existing capabilities at the heart of regions by using the scientific and technological capacities available to them are some of the instances in which the shortfalls in development programs can be eliminated and the way can be paved for ...  Read More

Original Article
6. A Review of the Compliance of the NIOC's Process of Board of Directors' Appointment with the Principles of Good Corporate Governance

Mahdieh Nejatollahi; Reza Tajarlou; Abdolhossein Shiravi

Articles in Press, Accepted Manuscript, Available Online from 25 December 2021


  In spite of decades from its establishment, National Iranian Oil Company (NIOC) has failed to get the reputation of a prosperous international company. This failure may be due to different reasons but the role of directors in the success of the company is undeniable. How to have efficient directors and ...  Read More

Original Article
7. The impact of Iranian oil sanctions on the oil Market volatility spillover network

Habib Ansari Samani; Samaneh Bagheri

Articles in Press, Accepted Manuscript, Available Online from 02 January 2022


  This study examines the effect of Iranian oil sanctions on the International oil market network for the first time with Complex Network Analysis (CAN) with Diebold -Yilmaz and Arch indexes from 1991:01 to 2019:12. The analysis was performed for two periods before and after the sanctions, and the results ...  Read More

Original Article
8. A Grounded Theory Study: Representing a New Model to Exploring Transnational Capabilities for the Steel Pipe Manufacturing Companies Attaining Competitive Advantages

Reza Ashtari; Maryam Darvishi; Ghasem Bakhshandeh; Mohammad Hemati

Articles in Press, Accepted Manuscript, Available Online from 10 January 2022


  Competitive advantages play a unique role in organizations' successes or failures because of customers' very speedy accessibility to suppliers and manufacturers. Indeed, this is competitive advantages which can make firms and organizations survive and grow in today's increasing competitive field attaining ...  Read More

Original Article Oil and Gas Economics and Management
9. Economic view of Maximum Reservoir Contacts (MRC) Wells Technology in Drilling Industry

Maryam Khorram; Taghi Torabi; Abbas Toloie Eshlaghy; Rasoul Habibzadeh Shojaee

Articles in Press, Accepted Manuscript, Available Online from 15 January 2022


  The economic aspects of technological advances in the drilling industry using the MRC method compared to other drilling technologies have been investigated in this study. Field and survey methods from combined implementation research methods have been performed by a dynamic approach using Vensim software. ...  Read More

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