National Iranian Oil Company

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by MiS-Saath (talk | contribs) at 10:33, 11 August 2008 (→‎See also: added EAPC). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

National Iranian Oil Company
شركت ملّی نفت ايران
Company typeState-owned
IndustryPetroleum industry
Founded1948
HeadquartersIran Tehran, Iran
Key people
Gholam Hossein Nozari, Minister of Petroleum, Seyfollah Jashnsaz, Managing Director; Abdol-Mohammad Delparish, COO; Abbas Allahdad, CFO
ProductsOil, Gas, Petrochemicals
Revenue$51 bn USD (2007) [27]
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 reserves in early 2005 was as follows; [1]

  • Recoverable liquid hydrocarbon reserves in early 2005, 136.99 billion barrels (21.780×109 m3, 10% of world's total).
  • Recoverable gas reserves in early 2005 , 28.17×1012 m3 (15% of world's total).

NIOC is considered the second largest oil firm of the world [2].

Current NIOC production capacities include over 4 million barrels (640×10^3 m3) of crude oil and in excess of 300 million cubic meters of natural gas per day.

Iran’s cumulative oil production has reached to 61 billion barrels by the end of 2007[3], most of these volume produced after 1951, under the supervision of NIOC.

NIOC produces 50-80% of its industrial equipment domestically including oil tankers, oil rigs, offshore platforms and exploration instruments [4].

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.[5] 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.

Largest Iranian Oil Fields
Field's Name Thousand
barrels per day 		Thousand
cubic meters per day
(onshore)
Ahwaz (Asmari Formation) 700 110
Gachsaran 560 89
Marun 520 83
Bangestan 245 39.0
AghaJari 200 32
Karanj-Parsi 200 32
Rag-e-Safid 180 29
BibiHakimeh 130 21
Darquin 100 16
Pazanan 70 11
(offshore)
Dorood 130 21
Salman 130 21
Abuzar 125 19.9
Sirri A&E 95 15.1
Soroush/Nowruz 60 9.5

History

Main articles: William Knox D'Arcy and Anglo-Iranian Oil Company

National Iranian Oil Company was established in 1948 under the leadership of then Prime Minister Mohammad Mossadegh when the Anglo-Iranian Oil Company was nationalized. Following the 1953 coup that overthrew Mossadegh it became a consortium of international oil companies: 40% owned by Anglo-Iranian holding, five American companies holding 40%, and the Royal Dutch/Shell and Compagnie Francaise de Petroles holding 10% each. The consortium shared profits 50-50 with Iran but did "not to open its books to Iranian auditors or to allow Iranians onto its board of directors." [6] According to the company's website: "The victory of the Islamic revolution annulled of all previous regulations, and following the withdrawal of foreign emlpoyees from Iran's oil industry, expert domestic man power took full control of it's affairs." [sic][7]

NIOC's Oil Reserves

Main article: NIOC's Oil Reserves

According to OPEC, NIOC recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels.[8]

NIOC oil reserves at the beginning of 2001 was reported to be about 99 billion barrels[9], however in 2002 the result of NICO’s study showed huge reserves upgrade adding about 31,7 billion barrels of recoverable reserves to the Iranian oil reserves.

After 2003 Iran has made some significant discoveries which lead to addition of another 7.7 billion barrels of oil to the recoverable reserves of Iran.[28]

Table 1- The five biggest NIOC oil fields;[10]

Rank Field Name Formation Initial Oil in Place Initial Recoverable Reserves Production
Billion Barrels Billion Barrels Thousand

barrels per day

1 Ahwaz Asmari & Bangestan 65.5 25.5 945
2 Maroun Asmari 46.7 21.9 520
3 Aghajari Asmari & Bangestan 30.2 17.4 200
4 Gachsaran Asmari & Bangestan 52.9 16.2 560
5 Karanj Asmari & Bangestan 11.2 5,7 200

NIOC's Gas Reserves

Main article: Iran Natural Gas Reserves

NIOC holds about 1,000×10^12 cu ft (28,000 km3) of proven Natural gas reserves of which 36% are as associated gas and 64% is in non associated gas fields. It stands for world's second largest reserves after Russia. [11]

NIOC’s ten biggest Non-Associated Gas Fields;

NIOC’s ten biggest Non-Associated Gas Fields.[12]
Field's Name Gas In Place Tcf Recoverable Reserve Tcf
South Pars 500 322
North Pars[13] 60 47
Kish[14] 60 45
Golshan[15] 55 25 - 45
Tabnak NA 21,2
Kangan NA 20,1
Khangiran NA 16,8
Nar NA 13
Aghar NA 11,6
Farsi (B-Structure) NA 11 - 22

Recent Discoveries

Main article: NIOC Recent Discoveries

Since 1995, NIOC has made significant oil and gas discoveries, standing for some 70 billion barrels (11×10^9 m3) of oil in place and 160 trillion cubic feet (4.5×10^12 m3) of gas in place, which are listed below.[16]

NIOC Oil Discoveries Since 1995.[17]
Field's Name Oil In Place Recoverable Oil
Billion Barrel Billion Barrel
Azadegan 33.2 5.2
Yadavaran (Kushk+Hosseinieh) 17 3
Ramin 6.28 NA
South Pars Oil Layer 6 NA
Mansour Abad 4.45 NA
Azar[18] 2.07 NA
Paranj 1.6 NA
Andimeshk[19] 1.1 0.233
Changoleh 0.944 NA
Mansouri-Khami layer[20] 0.760 NA
Jofeyr-Fahliyan layer[21] 0.750 NA
Asaluyeh[22] 0.525 NA
Arvand[23] 0.500 NA
Tusan 0.470 NA
Arash 0.168 NA
Total 71.458 NA


NIOC Natural Gas Discoveries Since 1995.[24]
Field's Name Gas in Place Recoverable Gas Reserve
Trillion cubic feet Billion cubic meters Trillion cubic feet Billion cubic meters
Kish[25] 59 1,700 47 1,300
Tabnak 30 850 NA
Farsi (B-Structure)[26] NA 11-23 310-650
Ghir (Sefid Zakhur) 11.4 320 8.5 240
Yadavaran-Gas Layer 9.75 276 NA
Lavan 9.1 260 NA
Balal-Dahroum Formation 8.8 250 NA
Homa 7.6 220 NA
Marun Gas Layer 6.2 180 NA
Gardan 5.7 160 NA
Day 4.4 120 NA
Binak Gas Layer 3.5 99 NA
Karanj Gas Layer 2.9 82 NA
BiBi hakime Gas Layer 2.4 68 NA
Zireh 1 28 NA
Kuh-e-Asari[27] 1 28 0.739 20.9
Arash 0.79 22 NA
Kheyr Abad 0.17 4.8 NA
Masjed Soleiman [28] 0.985 27.9 0.739 20.9
Total 164.8 4,670 NA

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:

NIOC's major private contractors

  • Bakhtar Petrochemical Company
  • Tehran Berkeley
  • Rehabilitation and Maintenance of Petrochemical Company (RAMPCO)
  • Petrochemical Industries Erection & Construction Company (ECC)
  • Kalayeh Naft Company
  • Shaid Shah Abadani Industries Company (SANAM)
  • Nargan Consulting Engineers
  • Afaq Ghadeer Engineering Company
  • Oil Industries Engineering & Construction (OIEC)
  • Oriental Kish
  • Radira Engineering & Construction Co.
  • Chegalesh Consulting Engineers Co.
  • Sazeh Consultants
  • Payandan
  • PetroIran
  • Qeshm Energy
  • Oil Industries Development
  • Zagros Petrochemical Company

See also

References

  1. ^ NIOC Website[1]
  2. ^ PIW Ranks The World's Top Oil Companies
  3. ^ OPEC Annual Statistical Bulletin 2006 [2]
  4. ^ Iran Daily - Domestic Economy - 04/29/07
  5. ^ ISNA - 01-03-2007 - 85/10/13 - Service: / Energy / News ID: 855495
  6. ^ Kinzer, Stephen, All the Shah's Men : An American Coup and the Roots of Middle East Terror, Stephen Kinzer, John Wiley and Sons, 2003, p.195-6
  7. ^ NIOC Website Brief History of Iran Oil Company
  8. ^ OPEC Annual Statistical Bulletin 2006 [3]
  9. ^ OPEC Annual Statistical Bulletin 2006 [4]
  10. ^ The 8th IIES International Conference “Energy Security and New Challenges”, held in 29-30 November 2003, IRIB Conference Center, Tehran, Iran [5]
  11. ^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)(كتاب نفت و توسعه).[6]
  12. ^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)(كتاب نفت و توسعه).[7] and Iran Energy Balance Sheet (ترازنامه انرژی ایران ) (available in Persian) Published by; Iran’s Energy Ministry, Secretariat of Energy and Electricity,2000 [8]
  13. ^ POGC Website[9]
  14. ^ NIOC Wbsite[10]
  15. ^ POGC Website[11]
  16. ^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)(كتاب نفت و توسعه).[12] and Iran Energy Balance Sheet (ترازنامه انرژی ایران ) (available in Persian), Pages 132 & 175, Published by; Iran’s Energy Ministry, Secretariat of Energy and Electricity,2006 [13]
  17. ^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)(كتاب نفت و توسعه).[14] and Iran Energy Balance Sheet (ترازنامه انرژی ایران ) (available in Persian), Page 132, Published by; Iran’s Energy Ministry, Secretariat of Energy and Electricity,2006 [15]
  18. ^ NIOC Wbsite[16]
  19. ^ NIOC News Agency[17]
  20. ^ NIOC Wbsite[18]
  21. ^ Shana Wbsite[19]
  22. ^ NIOC News Agency[20]
  23. ^ NIOC News Agency[21]
  24. ^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)(كتاب نفت و توسعه).[22] and Iran Energy Balance Sheet (ترازنامه انرژی ایران ) (available in Persian), Page 175, Published by; Iran’s Energy Ministry, Secretariat of Energy and Electricity,2006 [23]
  25. ^ NIOC Wbsite[24]
  26. ^ IHS International Oil Letter, Vol 24 issue 6, published 15 February 2008 [25]
  27. ^ Shana.ir, 2008 April 17 [26]
  28. ^ Irana Retrieved April 18, 2008

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=National_Iranian_Oil_Company&oldid=231202709"