NISOC Eyes 3 mbd Crude Oil Output

Date: 10 January 2022 - 21:36

News ID: ۹۸۷۳۳

TEHRAN – The CEO of the
National Iranian South Oil Company (NISOC) Alireza Daneshi has said his company would be prepared for 3 million barrels per day of crude oil output by the end of the current calendar year, which began on March 21.
Outlining NISOC’s main activities over the past 3 months, Daneshi announced preparation and presentation of a five-year plan for NISOC and its submission to the National Iranian Oil Company (NIOC), adding NISOC is prepared for 3 mbd of crude oil output by the end of the current calendar year, which began on March 21 and foreign investment has joined operations.
“We expect that by methods such as oil bartering and investment attraction, in addition to maintaining the annual production decline by about 500,000 barrels, enhance output by roughly 300,000 barrels per day. Foreign investors have joined the projects and good negotiations have taken place.”
Daneshi, as one of the critics of the preceding administration in the southern oil-rich regions, believes: “Oil output of the regions has not been at the level they were supposed to, however, we have no problem in this regard and would take actions as soon as possible.”
The NISOC CEO stated that the current production capacity of the company is about 3 million barrels per day, and said that NISOC is ready to produce 3 million barrels by the end of the current calendar year, which began on March 21. “Fortunately, we have obtained a permit to receive $200 million in funds to renovate our facilities next year.”