Entity

NIORDC (Persian: شرکت ملی پالایش و پخش فرآورده‌های نفتی ایران) is Iran's state-owned downstream oil company, responsible for all crude oil refining, product transportation, and distribution activities across Iran.

Background & Purpose

NIORDC was established in March 1991 on the principle of separating Iran's upstream (exploration and production) from downstream (refining, transportation, distribution, import/export of petroleum products) activities. It is one of the four main subsidiary companies of the Iranian Ministry of Petroleum, alongside NIOC, NIGC (gas), and NIOPDC (products distribution).

Scope of Operations

NIORDC monitors and manages the activities of 10 refining companies and fulfills its mission through four major operating subsidiaries and a network of pipelines, storage facilities, and distribution infrastructure:

Four Major Operating Subsidiaries

Refinery Subsidiaries

NIORDC directly oversees the following refining companies (all visible in your ppPLUS database):​

• AORC — Abadan Oil Refining Company
• BORC — Bandar Abbas Oil Refining Company
• EORC — Esfahan Oil Refining Company
• IKORC — Imam Khomeini (Shazand) Oil Refining Company
• TORC — Tehran Oil Refining Company
• Tabriz Oil Refining Company
• Kermanshah Oil Refining Company
• Shiraz Oil Refining Company
• Lavan Oil Refining Company
• Persian Gulf Star Refinery (PGSOC) — 17.9% NIORDC stake