Most of Iran's oil and gas production, processing and distribution are carried out by state-owned companies run directly by the Ministry of Petroleum. Foreign partners, particularly national oil companies, have a limited presence in the Iranian energy sector, with most foreign oil company (IOC) involvement currently from national oil companies. The National Iranian Oil Company (NIOC) dominates all upstream and downstream oil and gas activities. Refining and distribution activities are carried out under the control of state-run National Iranian Oil Refining & Distribution Company, which was separated from the NIOC in 1991. The company operates nine crude oil refineries, oil pipelines and more than 1,000 fuel retail outlets. Gas developments are carried out by the National Iranian Gas Company (NIGC) while petrochemicals production and distribution are the responsibility of the National Iranian Petrochemical Company.

Key View

SWOT

Industry Forecast

Upstream Exploration

Upstream Projects 

Upstream Oil Production.

Upstream Gas Production

Refining 

Refined Fuels Consumption

Gas Consumption 

Oil Trade

Gas Trade

Industry Risk/Reward Index

Upstream Latam: Sector Reforms Offset By State Intervention 

Downstream MENA: High Risks Drag On Overall Scores 

Iran Upstream Oil & Gas Risk/Reward Index

Iran Downstream Oil & Gas Risk/Reward Index

Market Overview

Iran Energy Market Overview

Oil & Gas Infrastructure

Competitive Landscape

Regional Overview

MENA: Oil Supply Dominates, But Gas Gaining Ground 

Oil & Gas Glossary

Oil & Gas Methodology