BERKELEY, California, Dec 29 (IPS) – News that Iran’s Revolutionary Guard Corps is withdrawing a billion dollars from the country’s Foreign Reserve Fund in order to complete Phases 15 and 16 of the gigantic South Pars gas project has generated concern among Iranian analysts, who believe the move reveals the military organisation’s excessive power over Iran’s economy.
In view of looming sanctions from the United States and the United Nations Security Council over Iran’s nuclear programme, the IRGC’s control over the country’s sensitive oil, and gas and nuclear industries could provoke a serious crisis, they warn. Continue reading IRAN: Revolutionary Guards Tighten Economic Hold