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Home > Company Index > Energy > Integrated Oil & Gas > National Iranian Oil Company

National Iranian Oil Company
 PROFILE
Sitting on a deep reservoir of black gold, Iran shares its oil with the world through the government-owned National Iranian Oil Company (NIOC), OPEC's #2 oil producer behind Saudi Aramco. NIOC produces about 3.6 million barrels of oil per day from its 90 billion barrels of proved reserves (9% of the world's total). It also has natural gas proved reserves of 812 trillion cu. ft. Oil accounts for about 50% of government revenues and 85% of its hard currency earnings. Iran has had little exploration activity over the past 30 years, but that is changing as firms from several countries (including Canada, France, Italy, Malaysia, and the UK) have ignored US government sanctions to sign development agreements.

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 KEY PEOPLE
• Bijan Namdar Zanganeh
    CEO

 CONTACT INFO
NIOC Headquarters
Tehran, Iran
Phone: 98-21-646-0301
Fax: 98-21-640-4132
Online: Web Site

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