Official: Iran’s NISOC Company Produces 3 Million Barrels of Oil
Daneshi said that the country's daily crude oil production capacity is 4 million barrels, adding, “Three million barrels of this amount are produced in the oil-rich areas of the South (by the NISOC).”
He noted that 86% of the gases associated with oil are collected in the oil-rich areas of the South, which are used for internal consumption or injection into oil tanks to protect the production capacity.
“Implementation of the project to collect flare gases in the area of responsibility of the NISOC of 18 to 20 million cubic meters per day in the framework of investment of Maroun petrochemical companies and Bidboland refinery in the Persian Gulf with the aim of supplying petrochemical industries is being carried out,” Daneshi said.
Daneshi said in May that his company was planning on increasing the production capacity of the oilfields developed by the company to 3.3 million barrels per day (bpd).
He put the NISOC’s current oil production capacity at three million bpd, saying that the 300,000-bpd increase in the production capacity of the company’s oil fields is going to be realized within five years.
Pointing to the great potentials of the Iranian oil industry and the capacities of domestic companies, the official said, “Knowledge-based production has been considered a priority in National Iranian South Oil Company because focusing on this issue can help the country's oil industry achieve new horizons.”
“Nowadays, countless derivatives are extracted from oil and gas around the world, so that only 5,300 products are obtained from oil and 700 products are obtained from natural gas, but in our country, we have not achieved much in this regard and we mostly sell oil in the crude form. We must try to rectify this situation in a favorable way,” Daneshi stressed.
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