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Iran's Emergency Plan to Raise Crude Production, Exports
Energy

Iran's Emergency Plan to Raise Crude Production, Exports

Strategies have been devised to boost oil and gas output in Iran's southern oil-rich regions and emergency operations will help oil reach pre-sanctions level in the least period of time, Bijan Alipour, managing director of National Iranian South Oil Company, said Monday.
"NISOC, the biggest domestic oil and gas supplier, produces 83% of crude oil as well as 16% of gas in Iran," the official noted. "The historic nuclear deal signed between Iran and P5+1 will pave the way to increase Iran's oil export to pre-sanctions period, standing at 2.5 million barrels per day, as soon as possible," Mehr News Agency reported.
NISOC is in charge of supplying most domestic petrochemical plants and refineries with feedstock. "There is no constraint on maximizing production capacity in this company," he said.
Elaborating on emergency plans to raise Iran's oil production and export, Rokneddin Javadi, managing director of National Iranian Oil Company, said on Monday, "The 500,000 bpd added production will be sent to Asia and Africa as selling crude to EU members is not a priority at the moment."
Speaking on the sidelines of meetings with the visiting German delegation to Tehran, Bijan Namdar Zanganeh, the oil minister, said, "Exporting crude is and will be no worry for us. We have never exported oil to Germany directly and it has always been through middlemen."    

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