NATIONAL IRANIAN OIL COMPANY

The 'National Iranian Oil Company' (NIOC), under the direction of the Ministry of Petroleum of Iran, is an oil and natural gas producer and distributor headquartered in Tehran. It was established in 1948.
NIOC was established with the objective of the exploration, development, production, marketing and sales of crude oil and natural gas. NIOC's oil and gas in place reserves are 137 bn barrels (10% of world's total) and 41.14 trillion cubic meters (15% of world's total), respectively which give it a unique status in the global energy supply. As of 2005 it also owns 50% of the offshore gas field of Rhum in the North Sea, which is Britain's largest untapped gas field. NIOC is considered as one of the four largest oil firms of the world. NIOC produces 50-80% of its industrial equipment domestically including oil tankers, oil rigs, offshore platforms and exploration instruments ^[1].
Current NIOC production capacities include over 4 million barrels of crude oil and in excess of 300 million cubic meters of natural gas per day. On the export side, the company benefits from its modern extensive facilities on the three islands of Kharg, Lavan and Siri consisting of 17 jetties capable of berthing tankers of all sizes to lift and export its crude oil. Iran's overall export crude oil price value about 52 billion dollars until the end of the year (Iranian calendar, March 21, 2007) ^[2]

Largest Iranian Oil Fields (onshore)

Field's Name	bbl/d (barrels per day)
AghaJari	200,000
Ahwaz-Asmari	700,000
Bangestan (should rise above 550.000)	ca. 245,000
BibiHakimeh	130,000
Gachsaran	560,000
Karanj-Parsi	200,000
Marun	520,000
Pazanan	70,000
Rag-e-Safid	180,000

Largest Iranian Oil Fields (offshore)

Field's Name	bbl/d (barrels per day)
Abuzar	125,000
Dorood	130,000
Salman	130,000
Sirri A&E	95,000
Soroush/Nowruz	60,000

Contents

Organizational Structure

Subsidiary Companies

See also

References

External links

Organizational Structure

NIOC's General Assembly consisting of the President, Vice President, Director General of the Management and Planning Organization, Ministers of Oil, Energy, Industries and Mines,
Labor and Social Affairs, Economy and Finance is its highest decision marking body, determining the company's general policy guide lines, and approving the annual budgets, operations and financial statements and balance sheets. The company's Board of Directors has the authority and major responsibilities to approve the operational schemes within the general framework ratified by the General Assembly, approve transactions and contracts, and prepare budgets and Board reports and annual balance sheets for presentation to the General Assembly.
The Board supervises the implementation of general policy guidelines defined by the General Assembly, and pursues executive operations via the company's Managing Director.

Subsidiary Companies

With appropriate division of tasks and delegation of responsibilities to subsidiaries- affiliates, NIOC has been able to establish acceptable degrees of coordination within its
organizational set up. In fact, NIOC's Directors act primarily in policy making and supervision while subsidiaries act as their executive arm in coordinating an array of operations such as exploration, drilling, production and delivery of crude oil and natural gas, for export and domestic consumption.
The NIOC's subsidiaries are as follows:

★ Central Iranian Oil Fields Company

★ National Iranian Gas Export Co.

★ National Iranian South Oil Co.

★ National Iranian Offshore Oil Co.

★ National Iranian Central Oil Co.

★ Khazar Oil Exploration and Production Co.

★ Petroleum Engineering and Development Co.(PEDEC)

★ Pars Oil and Gas Co.

★ Pars Special Economic Energy Zone Co.

★ National Iranian Oil Terminals Co.

★ National Iranian Drilling Co.

★ North Drilling Co.

★ Iran Petro Development Co.

★ Ahwaz Pipe Mills Company

★ Petropars

★ Iranian Fuel Conservation Organization

★ National Iranian Tanker Co.

★ Exploration Service Company (ESC)

★ Kala Naft (London) Ltd. - procurement

★ Kala Naft (Canada) Ltd. - procurement

★ Naftiran Intertrade Co. (Switzerland) - trading & swaps

★
★ Iranian Oil Company (UK) - Rhum gasfield

★ Iranian Offshore Engineering and Construction Company (Joint venture with IDRO)

See also

★ Ministry of Petroleum of Iran

★
★ National Iranian Petrochemical Company

★
★ National Iranian Oil Refining and Distribution Company

★
★ Iranian oil bourse

★
★ The Industrial Corridor of Asalouyeh

★ Iranian Offshore Engineering and Construction Company

★ List of oil fields

★
★ Yadavaran Field

★
★ Rhum gasfield

★
★ Azagedan oil fields

★ William Knox D'Arcy

★ Anglo-Iranian Oil Company

★ List of Iranian companies

★ Global strategic petroleum reserves

★ Economy of Iran

★
★ Foreign Direct Investment in Iran

★
★ Privatization in Iran

References

1. http://iran-daily.com/1386/2829/html/economy.htm
2. [1]

External links

★ NIOC - Official Site

★ Oil & Gas Industry in Iran - Brief Study

★ US Department of Energy - Iran

★ Australian Trade - Industry Profile for the Oil Sector in Iran