NIOC Plans to Increase Oil, Gas Production Capacity

The National Iranian Oil Company plans to increase crude oil and gas production capacity over the next eight years, the company’s director of integrated planning said.
“Oil and gas output are expected to reach 5.7 million barrels per day and 1.5 billion cubic meters a day in eight years,” Karim Zobeidi was also quoted as saying by the Oil Ministry’s news agency Shana.
The official stressed that investment and cooperation of domestic companies, especially in the drilling sector, enjoys priority.