NIOC (National Iranian Oil Company)

The National Iranian Oil Company (NIOC) is Iran’s primary state-owned organization responsible for exploring, extracting, refining, and exporting Iran’s oil and natural gas resources. As one of the world’s largest oil producers, NIOC manages Iran's energy exports, oversees domestic fuel supply, and plays a key role in the country's economy. It operates under government oversight and engages in negotiations with international companies, though its activities can be influenced by international sanctions and political decisions. Essentially, NIOC is Iran’s main entity for managing and overseeing the country’s vast hydrocarbon resources and energy industry.