The company was established in 1991 and operates mainly in the Persian Gulf, with its head office in Tehran.
IOEC is one of the largest integrated offshore and sub-sea pipe-laying companies in the Middle East.
[2] The company aims to extend its oil and gas activities in both onshore and offshore fields.
In addition to mid-stream activities, IOEC intends to develop its up-stream operations.
Development of the vessels and localizing the construction technology of drilling rigs include other objectives of this company.