Iran Oil Terminals Company
Iranian Oil Terminals Company (IOTCO) is an unlisted, wholly owned subsidiary of National Iranian Oil Company. It receives, stores, imports and exports crude oil, petroleum products and gas condensate through terminals including Kharg Island, Assaluyeh, Mahshahr and Jask. The company is a key infrastructure counterparty for Iranian seaborne hydrocarbon trade and is subject to sanctions.
Operations & footprint
Products and services
Iranian Oil Terminals Company operates oil and gas export-terminal infrastructure, including crude oil receiving, storage, blending, measurement, quality control, loading, unloading, marine operations, tanker berthing and unberthing, terminal maintenance, offshore support, and export logistics across strategic terminals such as Kharg Island, South Pars condensate terminal, Mahshahr, North Oil Terminal, Jask, and related operational areas.
Operations and assets
Operates terminal infrastructure at Kharg Island, Assaluyeh’s South Pars condensate terminal, Mahshahr, North (Shomal) Oil Terminals and Jask. The asset base supports receipt, storage, import and export handling for crude oil, petroleum products and gas condensate, alongside marine services.
Geographic footprint
Iran operations span Bushehr Province (Kharg Island and Assaluyeh), Khuzestan Province (Mahshahr) and Hormozgan Province (Jask), with headquarters in Tehran.
Ownership & group structure
Ownership
Wholly owned by National Iranian Oil Company (NIOC).
Parent company
National Iranian Oil Company (NIOC).
Commercial and investment relevance
Iranian Oil Terminals Company is relevant for investors assessing Iran's oil-export capacity, storage resilience, tanker logistics, maritime bottlenecks, condensate exports, terminal modernization, and vulnerability to sanctions, insurance restrictions, shipping controls, and geopolitical disruption. It can support analysis of crude export infrastructure, terminal concentration risk, Jask diversification, Kharg Island capacity, and the operational link between production and foreign-currency inflows. Due diligence should treat the company as highly compliance-sensitive and verify ownership, sanctions status, terminal assets, storage capacity, marine-service contracts, tanker counterparties, metering systems, environmental risk, cybersecurity, insurance exposure, and operational continuity under crisis conditions. The company is the terminal interface between Iranian hydrocarbon production and seaborne trade. It is relevant to buyers, ship operators and service providers whose transactions depend on cargo handling, storage, marine access and loading operations at Iranian export terminals.
Constraints, risk & compliance
Key risks and constraints
Operations are concentrated in strategic Iranian oil and gas terminal locations, where continuity depends on terminal and marine infrastructure availability. Transactions also face material restrictions arising from the company’s sanctions status.
Sanctions and compliance considerations
IOTCO is subject to sanctions. Counterparties require jurisdiction-specific sanctions screening and controls before engaging in any transaction or service arrangement.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Iranian Oil Terminals Company do?
IOTCO receives, stores, imports and exports crude oil, petroleum products and gas condensate, while providing marine services at Iranian oil and gas terminals.
Who owns Iranian Oil Terminals Company?
IOTCO is wholly owned by National Iranian Oil Company (NIOC).
Where does IOTCO operate?
Its operating footprint includes Kharg Island and Assaluyeh in Bushehr Province, Mahshahr in Khuzestan Province and Jask in Hormozgan Province.
Is Iranian Oil Terminals Company subject to sanctions?
Yes. IOTCO is subject to sanctions, making jurisdiction-specific compliance screening essential for prospective counterparties.