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National Iranian Oil Company (NIOC)
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About — National Iranian Oil Company (NIOC)
The National Iranian Oil Company (NIOC) is Iran’s state‑owned enterprise that oversees exploration, production, refining and export of the country’s hydrocarbon resources. It accounts for the bulk of Iran’s GDP and is a key player in OPEC, shaping global oil markets. In 2022, NIOC produced roughly 2.5 million barrels of crude per day, making Iran the world’s fourth‑largest oil producer.