Tag Archives: National Iranian Oil Co. (NIOC)

Crude oil production from South Pars is in a trial stage. but output can be increased to as much as 150.000 barrels per day in future.

Iran has struggled to expand oil exports after it sold all the oil it had stored for years at sea earlier this year.

Existing pipelines and facilities enjoyed the capacity to displace more than 370.000 barrels per day though the volume could be upgraded to 500 thousand barrels of crude oil.

Iran plans to increase its condensate production to reach 864.000 bpd within five years.

Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864.000 bpd in the next five years.

South Korea. one of Iran'.s major Asian clients. mainly purchases an ultra-light oil. also known as condensate. from Iran.

Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.

Iran is ready for any measure contributing to stability in the oil market.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.