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Iran's oil industry began in 1901, when British speculator William D'Arcy received a concession from Iran to explore and develop southern Iran's oil resources. The exploration in Iran was led by George Reynolds. The discovery of oil on May 26, 1908 [13] led to the formation in 1909 of the London-based Anglo-Persian Oil Company (APOC). By ...
Naftiran Intertrade Company S.à r.l. (NICO) is a Swiss-based subsidiary of the National Iranian Oil Company (NIOC). NICO is a general contractor for the oil and gas industry. NIOC buys the vast majority of Iran's gasoline imports. [4] NICO is a key player in Iran's energy sector. [4]
As Khuzestan is the main oil and gas-producing province, this entity is among the most significant in the NIOC family. It produces approximately 80 percent of all crude oil produced in Iran. [54] Khazar Oil Exploration and Production Company in charge of Iran's Caspian Sea sector (onshore and offshore) Karoon Oil and Gas Production Company (KOGPC)
The National Iranian Tanker Company (NITC, Persian: شرکت ملی نفتکش ایران, Sherkat-e Meli-ye Naftkesh-e Iran) is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. [1] As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. [2] It is the biggest tanker company in the Middle East ...
The Iranol Oil Company (Persian: شرکت نفت ایرانول) is an Iranian oil company based in Abadan and Tehran. It produces engine oils, greases, and lubricants and manufactures Bright Stock, an oil industry product. The company's products are part of the West Asian market for lubricants and related
U.S. President Donald Trump plans to restore his "maximum pressure" campaign on Iran including efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon ...
Iran's Abadan Refinery, built 1913. National Iranian Oil Refining and Distribution Company (NIORDC) is part of the Ministry of Petroleum of Iran. NIORDC was established on 8 March 1991 and undertook to perform all operations relating to refining and distribution of oil products.
In 2012, IOOC signed a contract worth $6.6 billion, with Iran's power projects management company for developing the Forouz B gas field in the Persian Gulf and generating electricity from the produced natural gas. [4] In early 2015, IOOC acquired the "world's largest oil tanker" with a capacity of 2.2 million barrels of crude oil.