NIOC chief says Iran determined to raise oil and gas output
The newly-appointed CEO of the National Iranian Oil Company says the country is determined to increase its oil production from oilfields in the south, especially those that straddle the Iran-Iraq border.
Hamid Bovard said on Saturday that he had set up special taskforces in the NIOC to discuss and remove hurdles impeding Iran’s plans to raise output in southern oil and gas fields.
Bovard said his focus as new NIOC chief will be to provide more funding and resources to the National Iranian South Oil Company as the largest oil producing firm in Iran to allow it to increase its production in the coming months.
The official, who also serves as an Iranian deputy oil minister, made the remarks after a tour of southern Iranian oilfields earlier this week. During the trip, he held meetings with senior managers of Arvandan Oil & Gas Company, a firm which is in charge of oil production from some major oil reserves near Iran’s border with Iraq.
Bovard said in the meeting that oil production from reserves that are shared with Iraq must increase significantly until the end of the current calendar year in March.
That comes amid reports suggesting Iran is ramping up its oil output despite the continued pressure of US sanctions on the country’s petroleum industry.
New Oil Minister Mohsen Paknejad has promised to follow up on his predecessor Javad Owji’s plans to increase Iran’s crude oil production to meet a target of 4 million barrels per day (bpd) next year.
Iran’s oil production has reached an average of 3.271 million bpd in recent months, according to latest data by the Organization of the Petroleum Exporting Countries.
That comes as Iran's oil exports have reached well beyond 1.5 million bpd, up from just 0.3 million bpd reported in 2019 when Washington toughened its sanctions on Iran.
CBI to fund Iran’s rapid action plan to increase oil output
‘Iran people have undeniable right to gas field disputed with Kuwait’
Iran’s oil production keeps rising despite sanctions, OPEC data show
Claims about sending weapons to Yemen insult to Yemenis: Iran FM
Snippets from President Pezeshkian’s first press conference since taking office
VIDEO | Press TV's news headlines
Palestine censures ‘settler terrorism’ after West Bank school attack
Top Yemeni defense official dismisses Netanyahu’s military threats
Key takeaways from President Pezeshkian’s first official foreign trip
Putin orders military to boost troop numbers to 1.5 million
AEOI chief: Iran shouldn’t be sole party living up to JCPOA obligations
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
