The National Iranian Oil Company (NIOC) is the state-owned oil and gas company of Iran. Established in 1951, it is responsible for the exploration, production, and export of oil and natural gas resources in the country. NIOC plays a crucial role in managing Iran's vast hydrocarbon reserves, which are among the largest in the world. NIOC operates various subsidiaries and joint ventures, focusing on different aspects of the oil and gas industry, including refining and petrochemicals. The company significantly contributes to Iran's economy, providing revenue and employment while also facing challenges due to international sanctions and fluctuating oil prices.