National Iranian Oil Company (NIOC)

The National Iranian Oil Company (NIOC) is Iran’s government-owned enterprise responsible for exploring, extracting, refining, and exporting oil and natural gas. As one of the world's largest oil producers, NIOC plays a key role in Iran’s economy by managing its vast fossil fuel resources. It operates the majority of Iran's oil fields and collaborates with international companies, though its activities are often influenced by government policies and international sanctions. Overall, NIOC is central to Iran’s energy sector and global oil market presence, reflecting both the country’s resource wealth and its strategic economic importance.