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Canonical ID: NK-iuLeLGhKWfJUMYpT5SnWVC · Entity type: Company (reference)
| Property | Value | Lang | Source dataset | Source ID | First seen | ||
|---|---|---|---|---|---|---|---|
LegalEntity:notes | The National Iranian Oil Refining and Distribution Company (NIORDC) is a subsidiary (100 %) of the state-owned and operated National Iranian Oil Company (NIOC), responsible for engineering and building refineries, pipelines and communications networks. 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. Furthermore, the Minister of Petroleum is responsible for appointing NIORDC’s CEO. Therefore, NIORDC is controlled by the Government of Iran and by NIOC, which provides support to and is owned by the Government of Iran. | eu_journal_sanctions | eu-oj-8774bd9d4b81507d402cee44fe3fb00cd522c634 | ||||