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National Iranian Oil Company
From Wikipedia, the free encyclopedia
| National Iranian Oil Company شركت ملى نفت ﺍﻳﺮﺍﻥ |
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|---|---|
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| Type | State-owned |
| Founded | 1948 |
| Headquarters | Tehran, Iran |
| Key people | Gholamhosein Nozari, Minister of Petroleum ; , Managing Director ........; Abdol-Mohammad Delparish, COO; Abbas Allahdad, CFO |
| Industry | Petroleum industry |
| Products | Oil, Gas, Petrochemicals |
| Revenue | $51 bn USD (2007) [2] |
| Website | www.nioc.com |
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]
| Field's Name | bbl/d (barrels per day) |
|---|---|
| AghaJari | 200,000 |
| Ahvaz-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 |
| 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 |
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.
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)
- 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
- Ministry of Petroleum of Iran
- Iranian Offshore Engineering and Construction Company
- List of oil fields