The Petroleum University of Technology (Persian: دانشگاه صنعت نفت) is a leading Iranian public university funded by the Ministry of Petroleum particularly by its main company, the NIOC . It was founded in 1939 in Abadan in response to the increasing industrialization of Iran oil company, and is officially the second oldest university in Iran after University of Tehran and in the world ranking this university could achieve rank 7 in the subject of petroleum engineering.[6][unreliable source] It offers B.Sc., M.S and Doctorate programs for upstream and downstream oil and gas industry such as petroleum engineering, chemical engineering, offshore engineering, instrumentation engineering, mechanical engineering, electrical engineering, accounting, and marine engineering.