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National Iranian Oil Company
History
Main articles: William Knox D'Arcy, Anglo-Iranian Oil Company, and 1953 Iranian coup d'tat
National Iranian Oil Company was established in 1951 under the leadership of then Prime Minister Mohammad Mossadegh when the Anglo-Iranian Oil Company was nationalized. Following the 1953 coup that overthrew Mossadegh it became a consortium of international oil companies: 40% owned by Anglo-Iranian holding, five American companies holding 40%, and the Royal Dutch/Shell and Compagnie Francaise de Petroles holding 10% each. The consortium shared profits 50-50 with Iran but did "not to open its books to Iranian auditors or to allow Iranians onto its board of directors." According to the company's Web site: The victory of the Islamic revolution annulled the Consortium Agreement of 1954 and all regulations pertaining to it. The taking of power by the Islamic Republic led to the withdrawal of foreign employees from Iran's oil industry; domestic employees took full control of its affairs.
NIOC's Oil Reserves
Main article: NIOC's Oil Reserves
According to OPEC, NIOC recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels.
NIOC oil reserves at the beginning of 2001 was reported to be about 99 billion barrels, however in 2002 the result of NICO study showed huge reserves upgrade adding about 31,7 billion barrels of recoverable reserves to the Iranian oil reserves.
After 2003 Iran has made some significant discoveries which lead to addition of another 7.7 billion barrels of oil to the recoverable reserves of Iran.
In April 2006 the Fars News Agency reported that Iran has begun plans to create an SPR. The National Iranian Oil Company (NIOC) has begun construction of 15 crude oil storage tanks with a planned capacity of 10 million barrels.
Table 1- The five biggest NIOC oil fields;
Rank
Field Name
Formation
Initial Oil in Place
(Billion Barrels)
Initial Recoverable Reserves
(Billion Barrels)
Production
Thousand barrels per day
1
Ahwaz
Asmari & Bangestan
65.5
25.5
945
2
Maroun
Asmari
46.7
21.9
520
3
Aghajari
Asmari & Bangestan
30.2
17.4
200
4
Gachsaran
Asmari & Bangestan
52.9
16.2
560
5
Karanj
Asmari & Bangestan
11.2
5,7
200
NIOC's Gas Reserves
Main articles: Iran Natural Gas Reserves, National Iranian Gas Company, and Gas Exporting Countries Forum
NIOC holds about 1,00010^12 cu ft (28,000 km3) of proven Natural gas reserves of which 36% are as associated gas and 64% is in non associated gas fields. It stands for world's second largest reserves after Russia.
NIOC ten biggest Non-Associated Gas Fields;
NIOC ten biggest Non-Associated Gas Fields.
Field's Name
Gas In Place Tcf
Recoverable Reserve Tcf
South Pars
500
322
North Pars
60
47
Kish
60
45
Golshan
55
25 - 45
Tabnak
NA
21,2
Kangan
NA
20,1
Khangiran
NA
16,8
Nar
NA
13
Aghar
NA
11,6
Farsi (B-Structure)
NA
11 - 22
Recent Discoveries
Main article: NIOC Recent Discoveries
Since 1995, National Iranian Oil Company (NIOC) has made significant oil and gas discoveries, standing for some 84-billion-barrel (1.341010 m3) of oil in place and at least 17510^12 cu ft (5,000 km3) of gas in place, which are listed below.
NIOC Oil Discoveries Since 1995.
Field's Name
Oil In Place
Recoverable Oil
Discovery Year
Billion Barrel
Billion Barrel
Azadegan
33.2
5.2
Yadavaran (Kushk+Hosseinieh)
17
3
Ramin
7.398
1.11
2007
South Pars Oil Layer
6
NA
Band-E-Karkeh
4.5
NA
2007
Mansour Abad
4.45
NA
2007
Changoleh
2.7
NA
Azar
2.07
NA
2007
Paranj
1.6
NA
2007
Andimeshk (Balaroud)
1.1
0.233
2007
Binalood
0.776
0.099
2008
Mansouri-Khami layer
0.760
NA
Jofeyr-Fahliyan layer
0.750
NA
2008
Asaluyeh
0.525
NA
2008
Arvand
0.500
NA
2008
Tusan
0.470
NA
2006
Arash
0.168
NA
Total
83.967
NA
NIOC Natural Gas Discoveries Since 1995.
Field's Name
Gas in Place
Recoverable Gas Reserve
Trillion cubic feet
Billion cubic meters
Trillion cubic feet
Billion cubic meters
Kish
59
1,700
47
1,300
Tabnak
30
850
NA
Farsi (B-Structure)
NA
11-23
310-650
Ghir (Sefid Zakhur)
11.4
320
8.5
240
Yadavaran-Gas Layer
9.75
276
NA
Lavan
9.1
260
NA
Balal-Dahroum Formation
8.8
250
NA
Homa
7.6
220
NA
Marun Gas Layer
6.2
180
NA
Gardan
5.7
160
NA
Day
4.4
120
NA
Binak Gas Layer
3.5
99
NA
Karanj Gas Layer
2.9
82
NA
BiBi hakime Gas Layer
2.4
68
NA
Zireh
1
28
NA
Kuh-e-Asmari(Masjed Soleiman)
1
28
0.739
20.9
Arash
0.79
22
NA
Kheyr Abad
0.17
4.8
NA
Total
170
4,800
NA
Organizational structure
The company is completely owned by Iranian government. NIOC's General Assembly consisting of the President, Vice President, Director General of the Management and Planning Organization, Ministers of Oil, Energy, Industries and Mines, Labor and Social Affairs, Economy and Finance is its highest decision marking body, determining the company's general policy guide lines, and approving the annual budgets, operations and financial statements and balance sheets. The company's Board of Directors has the authority and major responsibilities to approve the operational schemes within the general framework ratified by the General Assembly, approve transactions and contracts, and prepare budgets and Board reports and annual balance sheets for presentation to the General Assembly.
The Board supervises the implementation of general policy guidelines defined by the General Assembly, and pursues executive operations via the company's Managing Director.
Subsidiary Companies
See also: Privatization in Iran
With appropriate division of tasks and delegation of responsibilities to subsidiaries- affiliates, NIOC has been able to establish acceptable degrees of coordination within its organizational set up. In fact, NIOC's Directors act primarily in policy making and supervision while subsidiaries act as their executive arm in coordinating an array of operations such as exploration, drilling, production and delivery of crude oil and natural gas, for export and domestic consumption.
The NIOC's subsidiaries are as follows:
Iranian Offshore Oil Company (IOOC) - in charge of offshore oil fields in the Persian Gulf
Central Iranian Oil Fields Company
National Iranian Gas Export Co.
Iran LNG Company
National Iranian South Oil Co. - in charge of onshore oilfields in southern Iran
National Iranian Central Oil Co.
Khazar Oil Exploration and Production Co. - in charge of Iran's Caspian Sea sector
Petroleum Engineering and Development Co.(PEDEC)
Pars Oil and Gas Co. - in charge of the offshore North and South Pars gas fields
Pars Special Economic Energy Zone Co.
National Iranian Oil Terminals Co. - has four transport hubs that load more than 2,000 oil tankers per year. Iran earned nearly $2 billion in 2009 from bunkering ships in the Persian Gulf (25% market share).
National Iranian Drilling Co.
North Drilling Co.
Iran Petro Development Co.
Ahwaz Pipe Mills Company
Iranian Fuel Conservation Organization
National Iranian Tanker Company - controls the second largest fleet of tankers in OPEC.
Exploration Service Company (ESC)
Kala Naft (London) Ltd. - procurement
Kala Naft (Canada) Ltd. - procurement
Naftiran Intertrade Co. (Switzerland) - trading & swaps
Petropars - General contractor for the oil&gas; industry
PetroIran - General contractor (off-shore)
Iranian Oil Company (UK) - Rhum gasfield
Iranian Offshore Engineering and Construction Company (IOEC) - Joint venture with IDRO
Aravandan Oil & Gas Company
NIOC's major domestic contractors
See also: National Iranian Petrochemical Company
Karoun Drilling & Field Services
IDRO - Industrial Development and Renovation Organization of Iran
Bakhtar Petrochemical Company
Tehran Berkeley
Rehabilitation and Maintenance of Petrochemical Company (RAMPCO)
Petrochemical Industries Erection & Construction Company (ECC)
Kalayeh Naft Company
Shaid Shah Abadani Industries Company (SANAM)
Nargan Consulting Engineers
Afaq Ghadeer Engineering Company
Oil Industries Engineering & Construction (OIEC)
Oriental Kish
Radira Engineering & Construction Co.
Chegalesh Consulting Engineers Co.
Namvaran co.
Sazeh Consultants
Payandan
Qeshm Energy
Oil Industries Development
Zagros Petrochemical Company
Khatam Al-Anbia Construction Co.
Sadid Industrial Group
Petrochemical Industries Design and Engineering Company (PIDEC)
See also
Iran portal
Ministry of Petroleum of Iran
National Iranian Gas Company
Iran's Oil Reserves
Iran Natural Gas Reserves
South Pars Gas Field
Rhum gasfield
National Iranian Petrochemical Company
The Industrial Corridor of Asalouyeh
Marun petrochemical complex
National Iranian Oil Refining and Distribution Company
Iranian oil bourse
List of Iranian companies
Economy of Iran
Foreign Direct Investment in Iran
Privatization in Iran
Eilat Ashkelon Pipeline Company - used to be 50% in control of NIOC and the focus of a dispute between Israel and Iran.
References
^ PIW Ranks The World's Top Oil Companies
^ NIOC Website
^ http://www.iran-daily.com/1387/3313/html/economy.htm
^ a b c OPEC Annual Statistical Bulletin 2006
^ ISNA - 01-03-2007 - 85/10/13 - Service: / Energy / News ID: 855495
^ http://www.iran-daily.com/1387/3265/html/economy.htm
^ Iran Daily - Domestic Economy - 04/29/07
^ Kinzer, Stephen, All the Shah's Men : An American Coup and the Roots of Middle East Terror, Stephen Kinzer, John Wiley and Sons, 2003, p.195-6
^ NIOC Website Brief History of Iran Oil Company
^ http://www.eia.doe.gov/emeu/cabs/Iran/pdf.pdf
^ The 8th IIES International Conference nergy Security and New Challenges, held in 29-30 November 2003, IRIB Conference Center, Tehran, Iran
^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)( ).
^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)( ). and Iran Energy Balance Sheet ( ) (available in Persian) Published by; Iran Energy Ministry, Secretariat of Energy and Electricity,2000
^ POGC Website
^ a b NIOC Website
^ POGC Website
^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)( ). and Iran Energy Balance Sheet ( ) (available in Persian), Pages 132 & 175, Published by; Iran Energy Ministry, Secretariat of Energy and Electricity,2006
^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)( ). and Iran Energy Balance Sheet ( ) (available in Persian), Page 132, Published by; Iran Energy Ministry, Secretariat of Energy and Electricity,2006
^ NIOC Official News Agency,(www.Shana.ir),April 23, 2005
^ NIOC Official News Agency,(www.Shana.ir),25/4/2009
^ NIOC Official News Agency,(www.Shana.ir),25/4/2009
^ a b NIOC Official News Agency,(www.Sahan.ir),October 15, 2007
^ a b NIOC Official Web Site,(www.NIOC.ir)
^ NIOC Official News Agency,(www.Shana.ir)
^ NIOC Official News Agency,(www.Shana.ir)
^ NIOC Official News Agency,(www.Shana.ir)
^ NIOC Official News Agency,(www.Shana.ir),July 02, 2008
^ NIOC Official News Agency,(www.Shana.ir)
^ NIOC Official News Agency,(www.Shana.ir)
^ Iran Oil Ministry Annual Bulletin, 5th Edition, pages 190-193 (available in persian)( ). and Iran Energy Balance Sheet ( ) (available in Persian), Page 175, Published by; Iran Energy Ministry, Secretariat of Energy and Electricity,2006
^ IHS International Oil Letter, Vol 24 issue 6, published 15 February 2008
^ Shana.ir, 2008 April 17
^ http://www.upi.com/Energy_Resources/2009/09/21/Irans-oil-terminals-move-to-private-hands/UPI-60211253548800/
^ http://www.zawya.com/Story.cfm/sidZAWYA20091225071139/Iran:Bunkering revenue reaches $844m?cc&pass=1
^ a b c d e f http://web.archive.org/web/20070928000413/http://www.atiehbahar.com/Resources/Oil&Gas;.htm
^ a b http://en.niordc.ir/index.aspx?siteid=77&siteid=77&pageid=979
^ http://www.iran-daily.com/1387/3295/html/economy.htm
^ http://tehrantimes.com/Index_view.asp?code=213747
External links
NIOC - Official Site
SHANA - Official News Service for Oil and Gas in Iran
PEDEC - Official Site
Oil & Gas Industry in Iran - Brief Study (2003)
US Department of Energy - Iran
Australian Trade - Industry Profile for the Oil Sector in Iran
Iran Oil & Gas Resources
National Iranian Oil Company's Information Center & Central Library
v d e
Energy in Iran
Oil
Ministry of Petroleum National Iranian Oil Company National Tanker Company Iranian Offshore Engineering and Construction Company Oil Bourse Oil reserves
Gas
National Iranian Gas Company Persian LNG Gas reserves Gas Exporting Countries Forum
Gasoline
National Iranian Oil Refining and Distribution Company 2007 Gas Rationing Plan in Iran
Petrochemicals
National Iranian Petrochemical Company Asalouyeh industrial corridor Marun Free Trade Zones
Pipelines
Iranurkey Korpezheurt Kui Dauletabadarakhshangiran Iranakistanndia Nekaask Nabucco Iran-Armenia Gas Trunkline
Nuclear
Atomic Energy Organization Nuclear program Facilities (Bushehr) Timeline
Wind
Wind power
See also
OPEC Environment Caspian Sea Strait of Hormuz Kharg Island Reservoirs and dams Transport Privatization (MAPNA AZAR AB IDRO) Foreign direct investment Economy of Iran Subsidy reform plan Sanctions against Iran
Companies portal
Categories: Oil and gas companies of Iran | National oil and gas companies | Companies of IranHidden categories: Portal:Companies/Total
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