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NISOC Output to Cross 3mbpd

Source: www.gulfoilandgas.com 10/10/2016, Location: Asia

According to Managing Director of NISOC, the company is planning to bring its crude oil production to slightly over 3 million barrels per day by March 2017, end of the current Iranian calendar year.

Addressing in introduction ceremony of Majed Soleyman Oil & Gas Company, Bijan Alipour said: "previous production rise plans put NISOC's output at 3.011mbd but the company is ready to bring it to 3.03mbd by the end of the Iranian calendar year."

NISOC output accounts for more than 80% of Iran's total crude oil production that is currently at 3.85mbd.

The company is presently producing nearly 3 mcd at a constant manner.

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