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National Iranian Oil Company
The
National Iranian Oil Company
(
NIOC
) (
Sherkat-e Melli-ye Naft-e Iran
), a
government-owned corporation
under the direction of the
Ministry of Petroleum of Iran
, is an
oil
and
natural gas
producer and distributor headquartered in
Tehran
. It was established in 1948. NIOC ranks as the world's third largest
oil company
, after
Saudi Arabia
's state-owned
Aramco
and Russia's
Gazprom
.
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