NIOC

NIOC refers to the National Iranian Oil Company, a major oil and natural gas producer and exporter in the Middle East. Headquartered in Tehran, Iran, the company was established in 1948 and is now a subsidiary of the National Iranian Oil Company Central Holding. NIOC is responsible for the exploration, development, and production of Iran's vast petroleum and natural gas resources.

The company operates through a number of subsidiaries, including major affiliates such as Pars Oil and Gas Company, Petroiran Development Company, and Iran Oil and Natural Gas Exploration Company. NIOC's asset portfolio includes significant oil and gas reserves in Iran's oil and gas fields, including the famous South Pars/North Dome gas field, which is considered to be one of the world's largest gas fields.

NIOC plays a crucial role in the Iranian economy, accounting for a significant portion of the country's foreign exchange earnings. The company's oil and gas exports account for approximately 80% of Iran's foreign exchange revenues. NIOC also invests in various upstream and downstream projects, including petrochemical complexes, refineries, and pipelines, to ensure the optimal utilization of its resources.

Despite international sanctions and restrictions, NIOC has continued to operate and expand its activities, which have resulted in a significant increase in oil and gas production in recent years. The company's commitment to the development of Iran's oil and gas sector has positioned it as a major player in the global energy market, with a growing reputation for expertise and innovation in the industry. As Iran's energy sector continues to evolve, NIOC is likely to remain a key player in the country's economic development.