NISOC Plans to Boost Output

The National Iranian South Oil Company is planning to increase its daily production capacity to 3.28 million cubic meters in the next five years, managing director of the company said.
“The project includes working on 254 development wells and repairing 546 wells. Through these activities, 347,000 barrels per day will be added to our daily production capacity,” Alireza Daneshi was quoted as saying by the Oil Ministry’s news agency Shana.
NISOC is responsible for the production of about 80% of the country's crude oil and 16% of natural gas.