The National Iranian Oil Company (NIOC), established in 1951, is a state-owned enterprise under Iran's Ministry of Petroleum. As one of the world's largest oil companies, NIOC is responsible for the exploration, production, distribution, and export of crude oil and natural gas. The company manages vast reserves, ranking second globally in oil and natural gas reserves. NIOC oversees various subsidiaries, including the National Iranian South Oilfields Company (NISOC) and the Iranian Offshore Oil Company (IOOC), to manage onshore and offshore operations. Despite international sanctions, NIOC has maintained significant production levels and continues to play a crucial role in Iran's economy. :contentReference[oaicite:0]{index=0}