{"id":22186,"date":"2017-02-18T02:48:52","date_gmt":"2017-02-18T02:48:52","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/news1613067580\/news-sp-256\/terrorism-a-fundamentalism\/22186-the-bulk-jcpoa-benefits-are-going-to-irgc-and-state-owned-companies-in-iran"},"modified":"2023-01-17T05:51:35","modified_gmt":"2023-01-17T04:51:35","slug":"the-bulk-jcpoa-benefits-are-going-to-irgc-and-state-owned-companies-in-iran","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/terrorism-a-fundamentalism\/the-bulk-jcpoa-benefits-are-going-to-irgc-and-state-owned-companies-in-iran\/","title":{"rendered":"The Bulk JCPOA Benefits Are Going to IRGC and State Owned Companies in Iran"},"content":{"rendered":"

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When the United States and Europe negotiated the Joint Comprehensive Plan of Action (JCPOA) they claimed it would boost trade and encourage foreign investment, thereby enhancing Iran\u2019s private sector and eventually downgrading the regime\u2019s tight grip on the economy.<\/p>\n

At least, this was the belief back in 2015 when the P5+1 agreed to lift sanctions in return for having Iran\u2019s nuclear program curbed. Today, signs indicate that the main winners in Iran are the state-owned companies, meaning Iran\u2019s Supreme Leader Ali Khamenei and the terrorist-supporting Revolutionary Guards<\/a> are enjoying JCPOA benefits.<\/p>\n

According to Heshmat Alavi, Iranian activist focusing on human rights, in an article<\/a> he wrote for Forbes, \u201cAt least 90 of the nearly 110 agreements, totaling nearly $80 billion, involve such state-controlled companies. This includes the National Iranian Oil Company, parallel to others run by regime pension funds and massive conglomerates of semi-public nature.\u201d<\/p>\n

Although Iran\u2019s hardliners have criticized the JCPOA, a recent Reuters study<\/a> shows those businesses answering directly to Khamenei are benefiting most from the JCPOA.<\/p>\n

Iran\u2019s foreign partners mainly include France, Germany, Italy, Russia and South Korea. Many of these deals remain in the preliminary stage, but they span a wide range, including energy, infrastructure, pharmaceuticals and other sectors.<\/p>\n

According to Alavi, the main benefactor of the nuclear pact is Iran\u2019s “Setad Ejraiye Farman-e Hazrat-e Emam<\/a>,” also known as the Headquarters for Executing the Order of the Imam. This entity has stakes in much of of Iran\u2019s economy and benefits significantly through the JCPOA.<\/p>\n

In 2013 Reuters reported that Setad\u2019s $95 billion empire was established through illegally seizing thousands of properties owned by business people, Iranians living abroad, and religious minorities.<\/p>\n

The U.S. Treasury Department described<\/a> Setad as \u201cA major network of front companies controlled by Iran\u2019s leadership.\u201d Through the JCPOA this conglomerate does business with foreign companies.<\/p>\n

\u201cOne of the three such deals signed with foreign companies involves a $10 billion oil refinery construction plan. While Khamenei may not personally own these companies, his shadow\u2014described as supervision\u2014is essentially routing all invested finances,\u201d Alavi writes, and adds, \u201cIn the past 18 months Khamenei-controlled companies, including the IRGC conglomerate, have sealed deals with foreign companies valued at over $11 billion.\u201d<\/p>\n

According to official estimates the private sector makes up a mere 20%<\/a> of Iran\u2019s economy, state-controlled firms to acquire most business deals made possible after sanctions were lifted, while private companies have received a depressing 17 deals, including a hotel management contract whose chief executive is the brother of Eshaq Jahangiri, Iran\u2019s vice president.<\/p>\n

Alavi concludes, \u201cThe first slate of investments inked for Iran is most likely to strengthen state power, meaning Khamenei, counter to any hopes raised prematurely by JCPOA supporters. The supreme leader enjoys vast control, especially in the IRGC, through which he pursues his Syria, Iraq, Yemen, Bahrain<\/a> and Lebanon<\/a> policies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

When the United States and Europe negotiated the Joint Comprehensive Plan of Action (JCPOA) they claimed it would boost trade and encourage foreign investment, thereby enhancing Iran’s private sector and […]<\/p>\n","protected":false},"author":10,"featured_media":48125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[175],"class_list":{"0":"post-22186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-terrorism-a-fundamentalism","8":"tag-updated"},"yoast_head":"\nThe Bulk JCPOA Benefits Are Going to IRGC and State Owned Companies in Iran - NCRI<\/title>\n<meta name=\"description\" content=\"When the United States and Europe negotiated the Joint Comprehensive Plan of Action (JCPOA) they claimed it would boost trade and encourage foreign\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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