National Iranian Oil Company

The National Iranian Oil Company (NIOC) is Iran’s state-owned enterprise responsible for exploring, extracting, refining, and selling oil and natural gas resources. It plays a central role in Iran’s economy, generating significant revenue through energy exports. NIOC manages numerous oil fields and international partnerships, navigating global markets and sanctions. Its operations impact global oil supply and prices, reflecting Iran’s reliance on its vast hydrocarbon reserves for economic stability and development.