IOOC Says Gets 80% of Services from Iranian Firms

Salman Khosravi said the companies offered the same amount of services to the company in the previous year compared to the preceding year but could save up to €54m in the expenses. 

Iranian Offshore Oil Company (IOOC), is one of the world’s largest offshore oil producing companies, with over half a 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 IOOC 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.