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The Political Economy Of The Oil Industy In The Mena Region: The Case Of Anglo Iranian Oil Company (Aioc)

Neveen Abdelrehim ()

Eurasian Journal of Business and Management, 2023, vol. 11, issue 3-4, 158-173

Abstract: This study explores the intricate relationship between politics, economy, and social communication within the oil sector in the Middle East and North Africa (MENA) region, with a specific focus on Corporate Social Responsibility (CSR). It scrutinizes how the Anglo Iranian Oil Company (AIOC) handled the complexities of staff-related disclosures in their operations. Through the lens of political economy theory, the investigation unpacks the strategies AIOC employed to sustain societal approval and present their operations in a positive manner. Furthermore, the study probes into political-influenced narrative disclosures from AIOC's chairman and various political diplomats. It analyzes the potential usage of these disclosures as a strategic tool to safeguard and augment AIOC's political and economic dominance, particularly in relation to their competitive standing in Iran. Utilizing a theoretical framework rooted in political economy theory, it highlights disclosure patterns aligning with AIOC's policy and strategy to sustain shareholder trust. The research aims to cast light on employee-related press disclosures and the AIOC chairman’s statement. It seeks to discern whether these disclosures provide fact-based data that align with the critical realism viewpoint, or if they are components of a strategic "game" designed to preserve shareholder confidence.

Keywords: Oil Industry; Anglo Iranian Oil Company (AIOC); Political Economy (search for similar items in EconPapers)
Date: 2023
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