Iranian Offshore Engineering & Construction Co. (IOEC) is a result of a joint venture between the National Iranian Oil Company (NIOC), the second largest oil company in the world with over $100 billion USD in revenue, and the Industrial Development and Renovation Organization of Iran (IDRO Group), one of Asia’s largest conglomerates

Four time B.I.D. Award Winner Iranian Offshore Engineering & Construction Co. (IOEC) is a Local and Global Industry Leader

IOEC is one of Iran’s Iran’s premier companies with more than $7 billion USD in contracted projects in the oil and gas industries, and turnover of $2.5 billion USD and $600 million in assets

Dr. Ali Taheri, Managing Director & Vice Chairman of Iranian Offshore Engineering & Construction Co. (IOEC) with Jose E. Prieto, CEO and President of Business Initiative Directions
Iranian Offshore Engineering & Construction Co. (IOEC) was created as a result of a joint venture between the National Iranian Oil Company (NIOC), the second largest oil company in the world with revenues of $100 billion USD in 2011, and the Industrial Development and Renovation Organization of Iran (IDRO Group), one of the largest conglomerates in Asia with 117 subsidiaries and affiliated companies. IOEC was the first general contractor to fabricate and install offshore facilities for the country’s oil and gas industry. In addition to offshore operations it provides services in the areas of project management, engineering, procurement, fabrication and construction. Ranked 67th among the top 100 companies in Iran, this (number of times) Business Initiative Directions (B.I.D.) award winner has over 1,000 employees, $600 million USD in assets, more than $7 billion USD in contracted projects in the oil and gas industries, and turnover of $2.5 billion USD. IOEC, with its headquarters in the capital city of Tehran, is one of the largest integrated offshore and sub-sea pipelaying companies in the Middle East with plans to expand its market breadth to the Caspian Sea, Africa, and South America.

IOEC takes particular care in putting the safety of its employees first by implementing high quality standards as an essential part of the organization’s culture, resulting in enhanced planning, well-managed implementation, and controlled project execution. Their performance is continuously monitored and improved through feedback implementation and the sharing of "lessons learned". The implementation of Integrated Management Systems allows the company to add value and develop skills, interacting with the entire workforce through guidelines and procedures in order to improve quality and encourage preventive policies in regards to health, safety and environment.

IOEC’s relentless pursuit of excellence has been recognized with multiple B.I.D. Quality Awards, an honor shared by some of the most prominent companies in the international business community including Tata Group, one of India’s largest conglomerates with revenues of $83.3 billion USD in 2010, Dutch global financial institution ING, and fellow oil industry leader Sonangol of Angola, the world’s 24th largest oil company.These winners have implemented B.I.D.’s QC100 TQM Model (Total Quality Management) as a guideline to maintain their companies on the path of excellence as leaders within their respective industries. The Quality Mix concept comprised of six actions, one of which is QC100 TQM Model, is the blend of strategies necessary to achieve a process of constant quality improvement.

B.I.D. was founded in 1986 by Jose E. Prieto, the creator of the QC100 TQM Model (Total Quality Management). The QC100 TQM Model is the result of many years of dedication of professionals including engineers, physicists, mathematicians, economists, sociologists and journalists , and specialists in business management, who have worked toward defining the philosophy and the modern concept of quality. The primary objective of B.I.D. is to amplify the ten areas that contribute to quality management success: Customer Satisfaction, emphasis on Communication, Analysis of Information, Leadership, Decision Making, Human Capital focus, Ongoing Training, Innovation and Excellence, Technology, and Business Results. The B.I.D. Award and QC100 TQM Model enable business people to consolidate and strengthen their position as a global company.