Analyzing the Components of an Optimal Investment Guidance Model for Petro-refineries and Its Institutional Mapping onto Resistance Economy Policies

Document Type : Research Article

Authors
amirhosein khorshidiathar 1
mahdi Shahdani-Sadeghi 2
davood manzoor 3
Mohammad Hadi Zahedi Vafa 3
1 Ph.D. Student in Oil and Gas Contract Management, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran
2 Professor, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran
3 Associate Professor, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran
10.30497/ies.2026.246882.2239
Abstract
Realizing the strategic objectives of the Resistance Economy in Iran’s oil and gas sector necessitates a paradigm shift from selling raw hydrocarbons toward completing the value chain through petro-refinery complexes. The core problem addressed in this study is the absence of a comprehensive framework for smart capital guidance capable of aligning private sector profitability with the sovereign priorities outlined in high-level policy documents. This research employs a multi-stage qualitative methodology. First, through comparative benchmarking of nine leading countries, the key components of the model were identified across four clusters: governance, economic, technical, and market. Subsequently, utilizing an institutional mapping approach, systematic links between these components and Articles 13, 14, and 15 of the General Policies of the Resistance Economy were established. The findings -validated through data triangulation and pattern matching-demonstrate that improving technical indicators, such as the Nelson Complexity Index and the integration rate, not only enhances project bankability but also secures geopolitical resilience by producing non-substitutable goods and establishing micro-marketing networks. Finally, a feedstock holiday was identified as the most effective financial instrument for resolving conflicts of interest and fostering economic endogeneity.
Keywords
Investment guidance Resistance Economy
Petro-refinery
Institutional Mapping
Value Chain