National Iranian Oil Company Email Format
Oil and Gas1001-5000 Employees
National Iranian Oil Company (NIOC) is an Iranian state-owned enterprise responsible for directing policy across exploration, drilling, production, research and development, refining, distribution, and export of oil and gas. It holds substantial hydrocarbon resources and is among the world's largest oil companies, with estimated reserves of 156.53 billion barrels of liquid hydrocarbons and 33.79 trillion cubic meters of natural gas. The company operates under Iran's constitutional framework, with authority to oversee the oil sector through a structure that includes seventeen production companies, eight technical service companies, seven management units, six divisions, and five organizational units. NIOC's activities extend to establishing business enterprises, funding development, and updating exploration and production technologies with Iranian expertise, aiming to support national energy policy and stabilize global oil markets through international cooperation. In 2024, Hamid Boord was appointed as deputy oil minister and CEO of NIOC, reflecting ongoing leadership changes within the organization.