Iran’s ideological army takes on energy contracts

Iran’s powerful ideological army, the Revolutionary Guards, is set to enter the oil and gas sectors in a move that would increase their stake in the Islamic republic’s economy.

“The Revolutionary Guards have obtained the contract to develop phases 15 and 16 of South Pars,” a huge offshore gas field divided between Iran and Qatar, General Abdolreza Abed said in an interview with the Shargh newspaper Tuesday.

Abed, who heads up the Guards’ economic operations, said the contract was worth 2.09 billion dollars.
Yahoo!