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History
National Iranian Oil Company
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The National Iranian Oil Company is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1948 and restructured under The Consortium Agreement of 1954. NIOC ranks as the world's second largest oil company, after Saudi Arabia's state-owned Aramco.
National Iranian Oil Company headquarters
National Iranian Oil Company headquarters
The Shah opens the facilities of International Naval Oil Company of Iran in 1970
The Shah opens the facilities of International Naval Oil Company of Iran in 1970
Emblem of NIOC from the 1950s to the 1970s
Emblem of NIOC from the 1950s to the 1970s
Iranian oil and gas fields, infrastructure
Iranian oil and gas fields, infrastructure
Ministry of Petroleum (Iran)
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The Ministry of Petroleum (MOP) (Persian: وزارت نفت, romanized: Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. The ministry has been placed under sanctions by the United States Department of State as of 2020.
Iran's oil and gas projected revenues chart by the International Monetary Fund. Officials in Iran estimate that Iran's annual oil and gas revenues cou
Iran's oil and gas projected revenues chart by the International Monetary Fund. Officials in Iran estimate that Iran's annual oil and gas revenues could reach $250 billion by 2015 once the current projects come on stream.
Image: Ali Akbar Moinfar
Image: Ali Akbar Moinfar
Image: Tondguyan 7
Image: Tondguyan 7
Image: Gholamreza Aghazadeh 2018 08 04
Image: Gholamreza Aghazadeh 2018 08 04