Iranian Offshore Engineering and Construction Company (IOEC) is the first Iranian general contractor in the oil and gas industries.[1] IOEC specializes in offshore EPC projects and is considered one of the regional pioneers in this area. The company was established in 1991 and operates mainly in the Persian Gulf, with its head office in Tehran. It experienced a very fast growth in its life and achieved a record of $7 billion for its ongoing projects in 2010.