Iranian Offshore Oil Company (IOOC)
Iranian Offshore Oil Company (IOOC), is one of the world’s largest offshore oil producing companies. with over a half century of experience. The Company shares one third of Iranian oil export, operating in Iranian side of the Persian Gulf and Oman Sea .
The main operation area of Iranian Offshore Oil Company is the Persian Gulf where four other oil producing countries are located in the other side. Accordingly, Persian Gulf has been known as the world’s most oil-rich region where the exploration activities and oil and gas production are very attractive.
Five countries –Iran, Iraq, Saudi Arabia, Qatar, and United Arab Emirates– totally possess 63 percent of oil reserves and 40 percent of natural gas reserves of the world. Persian Gulf as a strategic center of oil production plays a vital role in Islamic Republic of Iran’s oil export. Due to huge reserves of hydrocarbon, shared fields, border among the Islamic countries such as Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain, Oman, and the passage for a big part of the world’s energy, it shall be the major source of reliable oil supply, and requires close tie of the Islamic countries of the region with each other.
The motto of Iranian Offshore Oil Company (IOOC) as “Cooperation instead of Competition,” is a nobel idea that guarantees the national interests of the countries of the region. Specially those countries with shared oil and gas fields with Iran.
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