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  • 23-08-22

    Iran targets to reach 4.038m bpd of oil output capacity

    (MENAFN) National Iranian Oil Company (NIOC) is preparing to grow the nation’s oil output to 4.038 million barrels per day (bpd) in the ongoing Iranian calendar year (ends on March 20, 2023), as reported by Shana on Monday, reciting an official with the firm as stating.

    In line with Hormoz Qalavand, NIOC’s director of oil and gas output supervision, each year NIOC arranges a broad strategy to define the targets for oil output and regain maintenance, and in the present year the firm has set it on the agenda to surge the nation’s day-to-day oil production volume to 4.038 million.

    Qalavand stated that with the aim of supplying the necessities and conditions to reach the stated target, several technical, expert as well as administration conferences have been detained throughout NIOC and its subsidiary firms.

    “In addition to the detailed review of the plans, financial aspects of the programs have also been discussed in these meetings and an operational plan is formed in accordance with the country’s current economic conditions. The plan is now ready to be approved by the NIOC board of directors,” Qalavand also mentioned.

    MENAFN23082022000045014228ID1104739419

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