The National Iranian South Oil Company is reviewing its organizational structure to align with the development trends of activities and future operational needs. Ramin Hatami, the CEO of the company, emphasized the necessity of these changes during a meeting to review the organizational structure.
Increase in Activity Volume
Hatami stated in this meeting that it is predicted that the volume of activities of the National Iranian South Oil Company will at least double in the next two to three years. This increase in activities necessitates that the organizational structure be updated in accordance with the volume of activities, new missions, and upcoming requirements. He also pointed to changes in project execution methods, diversity of funding sources, and increased private sector participation, stating that these factors have created new requirements in the area of organizational structure.
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Need for a Centralized Structure for Investment
The CEO of the National Iranian South Oil Company emphasized that in the past, a significant portion of activities was financed from internal sources. However, today, due to the need to utilize diverse financial resources, the formation of project-oriented companies, and attracting investments, more complexities have arisen in the execution and management of projects. Hatami stressed the need to create a clear structure for guiding and coordinating investment matters, stating: "Currently, some investment-related activities are carried out in various management areas; therefore, establishing a centralized structure in this area can help increase coordination and clarify responsibilities."
He also emphasized the importance of unity in organizational decision-making and creating a uniform approach in executing processes, suggesting that some new structures, including in the area of tax affairs, should initially be established at the main company level. This action could pave the way for greater coordination and cohesion, as well as the development and extension of these structures to operating companies.
Aligning Structure with New Needs
Hatami further stated that the continuous alignment of the organizational structure with changing missions, laws and regulations, investment requirements, and operational needs is a critical necessity for the company. He considered targeted reviews of structures as a foundation for greater organizational coordination and more effective responses to the needs of the National Iranian South Oil Company.
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