Karoon Oil & Gas Production Company

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Positions according to sources

• Karoon Oil & Gas Production Company is Iran’s largest oil production company and a subsidiary of the National Iranian Oil Company (NIOC). The National Iranian Oil Company (NIOC) is a State-owned and operated entity providing substantial financial resources to the Government of Iran. NIOC holds the production, sale and export monopoly for Iranian oil. The revenue generated by NIOC’s oil sales plays a significant role in funding Iran’s military and the IRGC

Official sanctions listings

• European Union — 2025-09-29 — EU.13573.17 · Sources

Other associated entities (subsidiaries):\n\n—\n\nKala Naft\n\n—\n\nKaroon Oil & Gas Production Company\n\n—\n\nKhazar Expl & Prod Co (KEPCO)\n\n—\n\nMasjed-soleyman Oil & Gas Company (MOGC)\n\n—\n\nMaroun Oil & Gas Company\n\n—\n\nNaftiran Intertrade Company (a.k.a. Naftiran Trade Company) (NICO)\n\n—\n\nNational Iranian Central Oilfield Company (ICOFC)\n\n—\n\nNational Iranian Oil Company International Affairs Limited\n\n—\n\nPetroleum Engineering & Development Company\n\n—\n\nPetropars International FZE (PPI FZE)\n\n—\n\nPetropars Iran Company (PPI)\n\n—\n\nPetropars Ltd\n\n—\n\nPetropars Oilfield Services Company (POSCO)\n\n—\n\nPetropars Resources Engineering LTD (PRDE)\n\n—\n\nPetropars UK Limited\n\n—\n\nSouth Zagros Oil & Gas Production Company\n\n—\n\nWest Oil & Gas Production Company— European Union (official text)

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