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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]].
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 [[Rhum gasfield|offshore gas field of Rhum]] in the [[North Sea]], which is [[UK|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 rig]]s, offshore platforms and exploration instruments <ref>http://iran-daily.com/1386/2829/html/economy.htm</ref>.
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 [[Rhum gasfield|offshore gas field of Rhum]] in the [[North Sea]], which is [[UK|Britain's]] largest untapped gas field. NIOC is considered the second largest oil firm of the world <ref>[worldhttp://www.energyintel.com/documentdetail.asp?document_id=218175 PIW Ranks The World's Top Oil Companies ]</ref>. NIOC produces 50-80% of its industrial equipment domestically including oil tankers, [[oil rig]]s, offshore platforms and exploration instruments <ref>http://iran-daily.com/1386/2829/html/economy.htm</ref>.


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]]) <ref>[http://isna.ir/Main/NewsView.aspx?ID=News-855495&Lang=E]</ref>
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]]) <ref>[http://isna.ir/Main/NewsView.aspx?ID=News-855495&Lang=E]</ref>

Revision as of 14:08, 4 December 2007

National Iranian Oil Company
شركت ملى نفت ﺍﻳﺮﺍﻥ
Company typeState-owned
IndustryPetroleum industry
Founded1948
HeadquartersTehran, Iran
Key people
Gholamhosein Nozari, Minister of Petroleum ; , Managing Director ........; Abdol-Mohammad Delparish, COO; Abbas Allahdad, CFO
ProductsOil, Gas, Petrochemicals
Revenue$51 bn USD (2007) [2]
Websitewww.nioc.com
Iranian oil fields

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 the second largest oil firm of the world [1]. NIOC produces 50-80% of its industrial equipment domestically including oil tankers, oil rigs, offshore platforms and exploration instruments [2].

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) [3]

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

Organizational Structure

The company is completely owned by Iranian government. 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:


See also

References

  1. ^ [worldhttp://www.energyintel.com/documentdetail.asp?document_id=218175 PIW Ranks The World's Top Oil Companies ]
  2. ^ http://iran-daily.com/1386/2829/html/economy.htm
  3. ^ [1]
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