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NISOC to Yield Over 3mbd of Crude Oil

Source: Shana 10/10/2016, Location: Asia

National Iranian South Oil Company (NISOC) is well ready to produce more than three million barrels of crude oil per day.

Managing Director of the NISOC Bijan Alipour told a group of his staff that his company is well prepared to raise its production beyond three million barrels per day.

Alipour said for the time being, the NISOC output stands at almost three million barrels per day.

The NISOC targets output increase after elimination of sanctions and its project will be in two phases, involving 500,000 barrels per day hike in the production.

The NISOC output increase will result in Iran's production level going up to fluctuate between 3,800,000 barrels per day and 3,900,000 barrels per day.

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