Quarterly Publication

Oil and Gas Economics and Management
Investigating the Effects of New Corporate Liquidity and Market Operational Performance Indicators on the Markowitz Model Portfolio Returns Using Genetic Algorithm: A Case Study on Refineries and Petrochemical Companies Listed on Tehran Stock Exchange

Mohammad Tavakkoli Mohammadi; Abbas Alimoradi; Mohsen Sarvi

Volume 3, Issue 1 , March 2019, , Pages 1-15

http://dx.doi.org/10.22050/pbr.2019.104107

Abstract
  The research on the Markowitz model and optimization of its portfolio using a variety of evaluation indicators and metaheuristic-algorithms has always been the focus of attention of accounting and finance researchers. The results of studies carried out by various types of optimization method are different ...  Read More

Oil and Gas Economics and Management
Prediction of Natural Gas Prices in European Gas Hubs Using Artificial Neural Network

Mansoureh Ram; Atefeh Taklif; Ali Faridzad

Volume 3, Issue 2 , June 2019, , Pages 1-14

http://dx.doi.org/10.22050/pbr.2019.113878

Abstract
  The liberalization of natural gas markets and the emergence of gas hubs in recent decades have shifted the natural gas trade from the regional to the global trade. The growth and maturity of these hubs have weakened the previously established relationship between the natural gas price and the prices ...  Read More

Oil and Gas Economics and Management
Techno-Economic Assessment of Power Supply in Offshore Platforms by Renewable and Conventional Sources

Pedram Edalat; Gholam Reza Salehi; Shahab Shahriari

Volume 3, Issue 3 , September 2019, , Pages 1-14

http://dx.doi.org/10.22050/pbr.2019.113879

Abstract
  The economics of two different power generation systems for an offshore complex installed in the Persian Gulf is considered. The base case defines the present condition in which the total power demand of the complex is supplied by burning the associated natural gas extracted from the platform on board ...  Read More

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

Abed Akbari; Tahere Moghri Moazen

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

http://dx.doi.org/10.22050/pbr.2020.115496

Abstract
  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
Explaining Model of Outsourcing Development Management of Physical Assets in Oil and Gas Industry: A Case Study of Iranian Gas Transmission Company

Saeid Tavakoli; Farideh Haghshenas Kashani; Alireza Amirkabiri

Volume 3, Issue 4 , December 2019, , Pages 1-18

http://dx.doi.org/10.22050/pbr.2019.119123

Abstract
  Today, the strategy of outsourcing management, in economic enterprises and especially in governmental organizations, is one of the crucial issues in the field of procurement chain management and strategic alliance management. This issue in public organizations and institutions has its importance too. ...  Read More

Law Studies
Natural Gas Pricing and Price Review Challenges: Preparing for a More Competitive Global Market

Hamid Reza Oloumi Yazdi; Mahyar Ebrahimi

Volume 4, Issue 2 , April 2020, , Pages 1-15

http://dx.doi.org/10.22050/pbr.2020.251224.1121

Abstract
  Natural gas infrastructure is growing and global LNG volumes are set to expand substantially. This results in more trade between different regions of the world and emergence of a more competitive and relatively more integrated global gas market. In addition, several key markets are currently undergoing ...  Read More

Law Studies
International Legal Framework Governing Artificial Reefs, with a Review of Iran’s Regulations

Seyed mohammad Tabatabaeinejad; Foroogh Torabi

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

http://dx.doi.org/10.22050/pbr.2020.254721.1131

Abstract
  Converting unused offshore oil and gas installations into artificial reefs as one of the alternative methods of decommissioning, is used in many coastal states across the globe for the purposes of coastal management, enhancement and attraction of living marine resources, protection and preservation goals. ...  Read More

Oil and Gas Economics and Management
Determining the effective factors on financing the optimal capital structure in oil and gas companies

Somayeh Alimoradi Jaghdari; Mohammad Reza Mehrabanpour; Ali Najafi Moghadam

Volume 4, Issue 3 , July 2020, , Pages 1-20

http://dx.doi.org/10.22050/pbr.2020.255708.1133

Abstract
  Companies have access to a variety of financial resources to implement available profitable investment projects, to settle overdue debts, to increase working capital, and to pay dividends to shareholders. These resources include cash from operating activities and the sale of assets (as intra-organizational ...  Read More

Oil and Gas Economics and Management
Identifying the Main and Secondary Components Affecting Organizational Agility in the Petroleum University of Technology

Ali Moradi; Mohammad Hosseinpour; Yadolah Mehralizadeh

Volume 5, Issue 3 , July 2021, , Pages 1-17

http://dx.doi.org/10.22050/pbr.2021.289566.1203

Abstract
  This applied research was carried out to identify the primary and secondary components affecting organizational agility in the University of Petroleum Industry, PUT. In the qualitative section, by reviewing the researches and using a designed questionnaire, 13 hypotheses affecting the organizational ...  Read More

Oil and Gas Economics and Management
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

Volume 6, Issue 2 , April 2022, , Pages 1-14

http://dx.doi.org/10.22050/pbr.2021.275884.1177

Abstract
  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

Law Studies
Indirect Expropriation in the Petroleum Industry: The Response of International Arbitrations

Hamid Reza Younesi

Volume 5, Issue 4 , October 2021, , Pages 1-10

http://dx.doi.org/10.22050/pbr.2021.278306.1176

Abstract
  The present article aims to argue indirect expropriation in international petroleum agreements and analyze the response of international arbitrations. In particular, international arbitral awards by the Iran–US claims tribunal, the Yukos case as an energy charter treaty arbitration, and certain ...  Read More

Oil and Gas Economics and Management
A Nonlinear Approach to the Effect of Oil Shocks on Iran’s Economy

Seyed Mohammad Shamsoddin

Volume 6, Issue 1 , January 2022, , Pages 1-12

http://dx.doi.org/10.22050/pbr.2021.295077.1215

Abstract
  This paper aims to show the asymmetric effect of oil shocks on Iran’s economy. It uses nonlinear time series models to investigate the asymmetric effect of oil shocks on resource allocation in Iran’s economy. The results show that adverse oil shocks have been more persistent during the last ...  Read More

Relationship between Renewable Energy Consumption, CO2 Emissions and Oil Prices in Industrial Sector of Selected OPEC and Non-OPEC Countries

Asgar Khademvatani; Abdolsalam Ebrahimpour

Volume 2, Issue 1 , February 2018, , Pages 2-15

http://dx.doi.org/10.22050/pbr.2018.77843

Abstract
  Considering global warming and importance of sustainable growth in economic sub-sectors, this paper presents and estimates an empirical model of renewable energy consumption for the industrial sector of selected OPEC and non-OPEC countries over the period 1990-2014. Panel co-integration estimates by ...  Read More

Accounting
Financial Performance Evaluation of the Gas Distribution Companies of National Iranian Gas Company

Sayed Mohammad Javadi; Ali Mohammad Ghanbari; Arsalan Anisi

Volume 2, Issue 2 , May 2018, , Pages 2-13

http://dx.doi.org/10.22050/pbr.2018.91317

Abstract
  The purpose of this study is to evaluate the financial performance of provincial gas distribution companies as affiliates for National Iranian Gas Company. To this end, we identified financial performance indicators in accordance with the requirements of NIGC through a review of theoretical foundations ...  Read More

Oil and Gas Economics and Management
Investigating Impact of Environmental Tax Policy on Behavior of Investors in Renewable Energies Using a Dynamic Panel Data Approach

Asghar Mir-Mohammad Tabar; Asgar Khademvatani; Vahid Mohammadi; Hamid Reza Hosseinimehr

Volume 2, Issue 3 , September 2018, , Pages 2-13

http://dx.doi.org/10.22050/pbr.2018.93598

Abstract
  Expanding use of renewable energies (RE) around the world is a critical mission to reach to global environmental policies. Largest share of global energy mix relates to deployable and carbon-intensive fossil fuels. So, it is necessary to create proper incentives for investors to invest in RE in order ...  Read More

Oil and Gas Economics and Management
The Impacts of Environmental Policies on Natural Gas Consumption in Iranian Industrial Sector

Mahdi Rostami; Asghar Mirmohammadtabar; Nader Dashti

Volume 2, Issue 4 , December 2018, , Pages 2-12

http://dx.doi.org/10.22050/pbr.2018.99018

Abstract
  This study aimed to evaluate the effects of environmental policies including price and non-price policies on natural gas demand in Iranian industrial sector. For this purpose, considering the dynamic nature of our panel data, we adopted Generalized Method of Moments (GMM) method to estimate natural gas ...  Read More

The effect of crude oil futures price on risk premium volatilities in the futures market

Mirhossein Mousavi; Mohammad Mazraati

Volume 1, Issue 1 , November 2017, , Pages 3-8

Abstract
  This paper explores the impact of crude oil futures prices on risk premium volatilities in the NYMEX futures market. For this purpose, the ARCH and GARCH methods are used to model risk premium volatilities and explore how crude oil futures prices influence the risk premium volatilities in futures contract ...  Read More

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 , November 2017, , Pages 9-21

http://dx.doi.org/10.22050/pbr.2017.58117

Abstract
  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
Determining and Estimating the Factors Influencing the Export of Urea Petrochemical Products to Export Destinations (UAE, Turkey, China, and India) Using Autoregression with the Distributive Lag Model (ARDL)

Ali Fakour; Vida Varahrami; Shahram Gohari Far

Volume 5, Issue 4 , October 2021, , Pages 11-30

http://dx.doi.org/10.22050/pbr.2021.284363.1190

Abstract
  As the largest exporter of non-oil products, the petrochemical industry’s growth and development have a significant role in economic prosperity. Considering the sanctions on crude oil exports in recent years and the problem of crude oil sales, it is essential to pay attention to this industry as ...  Read More

Law Studies
Energy Dual Pricing in Iran and Its Impact on Accession to the World Trade Organization

Mahsa Farhaanjam; Abdolhossein Shiravi

Volume 2, Issue 4 , December 2018, , Pages 13-25

http://dx.doi.org/10.22050/pbr.2018.99369

Abstract
  Energy has been always the focus of attention since the establishment of the WTO.The significance of this issue was doubled when the major energy-producing countries states sought to join the WTO.To join the WTO,many energy-producing and energy-exporting states inevitably needed to modify and change ...  Read More

Accounting
The Relationship between Stock Liquidity (from Corporate Governance and Informational Efficiency Points of View) and Default Risk in Iran's Petrochemical Industry and Oil Products Companies

Abbas Alimoradi; Asgar Khademvatani; Fariba Gholami

Volume 4, Issue 1 , March 2020, , Pages 13-34

http://dx.doi.org/10.22050/pbr.2020.104108

Abstract
  The main purpose of this research is to explain why and how the stock liquidity affects the default risk of petrochemical and petroleum products companies listed in Tehran Stock Exchange. The study used experimental data and parametric tests in order to estimate the relationship between stock liquidity ...  Read More

Oil and Gas Economics and Management
Strategic Planning of Procurement and Supply system in the Iranian Oil Terminals Company

Azadeh Dabbaghi

Volume 4, Issue 4 , October 2020, , Pages 13-24

http://dx.doi.org/10.22050/pbr.2021.258760.1141

Abstract
  Rapid changes and competitions in today's world have shifted the role of governmental enterprises into regulating and directing activities. This has led to the need for the analysis of internal/ external situations and the revision of strategic planning of such companies. The Iranian Oil Terminals Company, ...  Read More

Oil and Gas Economics and Management
COVID-19, CO2 Emissions and Energy Consumption in Asian Countries: An Application of Stirpat and Beck’s Theory of Risky Society

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

Volume 6, Issue 1 , January 2022, , Pages 13-22

http://dx.doi.org/10.22050/pbr.2021.294853.1212

Abstract
  This paper aims to show the asymmetric effect of oil shocks on Iran’s economy. It uses nonlinear time series models to investigate the asymmetric effect of oil shocks on resource allocation in Iran’s economy. The results show that adverse oil shocks have been more persistent during the last ...  Read More

Designing a Specific Model for Technology Transfer in the Oil, Gas and Petrochemical Sector

Ahmad Mousaei

Volume 2, Issue 2 , May 2018, , Pages 14-27

http://dx.doi.org/10.22050/pbr.2018.91322

Abstract
  Technology Transfer is a process which technology supplier can transfer technology to receiver through it by numerous activities. Now in Iran, lots of companies are facing difficulties in correct implementation of technology transfer. Varying complexity and specific nature of each of the technologies ...  Read More

Accounting
Identification and Prioritization of Dimensions and Components Effective on Human Resources Valuation: A Case Study on National Iranian Oil Company and its Subsidiaries

Elham Hasaniazardaryani; Shahnaz Mashayekh; Rezvan Hejazi

Volume 2, Issue 3 , September 2018, , Pages 14-25

http://dx.doi.org/10.22050/pbr.2018.93633

Abstract
  The purpose of the current work, conducted in 2017 and 2018, is to identify andprioritize the qualitative and quantitative factors affecting human resources(HR) valuation at National Iranian Oil Company and its subsidiaries. Using asnowball sampling method, 28 experts were selected from the head of humanresources, ...  Read More