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...Since around 2000, the IRGC's hand has extended into new and far more lucrative sectors of the economy. Most significantly, it has been awarded billions of dollars in contracts in the oil, gas and petrochemical industries, as well as major infrastructure projects. The government awards some of the no-bid contracts directly to the Guard's engineering arm, Khatam Al-Anbia. Other times, the link is more indirect: "Sometimes you see newly established firms, indirectly owned by IRGC members, receiving the contracts," says a director of a major engineering firm on condition of anonymity...

Author: /time Magazine | Title: Iran's Rich Revolutionary Guard | 9/5/2007 | See Source »

...Today, many of the firms that would once have been awarded government contracts are working as subcontractors to Guard-owned enterprises. In 2006 alone, Khatam Al-Anbia received a $2.09 billion contract to develop phases of a natural gas field known as South Pars, as well as a $1.2 billion contract to build a line of the Tehran metro, and a $1.3 billion contract to build a pipeline linking Iran to Pakistan...

Author: /time Magazine | Title: Iran's Rich Revolutionary Guard | 9/5/2007 | See Source »

...work. The force of the bomb was enough to sever electrical lines, disrupt phone services and shatter the mirrored plate-glass doors of Ahsan's office. His driveway was littered with "pieces of bodies," he says, but fortunately the explosion and subsequent fire did not ignite the wall of gas canisters he stores on the premises. "It was very dangerous. Thanks be to God that the bus was far enough away...

Author: /time Magazine | Title: Assault on Musharraf's Power Base | 9/4/2007 | See Source »

...government, nervous that the West may impose sanctions on Iran's gasoline imports as punishment for its controversial nuclear activities, recently withdrew its subsidy of gasoline. Despite its vast oil reserves, Iran cannot produce sufficient gasoline to meet consumption, so in June the government imposed rationing. For days, gas stations saw long queues at all hours. On the way home from a dinner party the first night of the rationing, we were stuck in a three-hour traffic jam, the air filled with smoke from a gas station that rioters had set on fire...

Author: /time Magazine | Title: Iran: Intimidation In Tehran | 8/30/2007 | See Source »

...said. "Tehran is like a warehouse of cotton," he told me. "One spark, and the whole place will burn." Suddenly the disturbing prospects of Iran's uncertain place in the world ceased to be an abstraction and became a reality disrupting our daily lives. The nightly news reported that gas stations had been set ablaze across the city. We spent three days at home without even going grocery shopping, reluctant to use up our gas and ruing the day we acquired...

Author: /time Magazine | Title: Iran: Intimidation In Tehran | 8/30/2007 | See Source »

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