Iranian Offshore Oil Co. to Raise Crude Output

IOOC to Raise Crude Output IOOC to Raise Crude Output

The Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, is determined to raise crude production by about 50,000 barrels per day in the next fiscal (starting March 21), the company's chief executive officer said.
"Several reservoirs, including Salman, Doroud and Norouz, are under development, the implementation of which will [next year] add up to 10% to the company's current production of 450,000 bpd," Hamid Bovard was also quoted as saying by NIOC's news portal on Saturday.


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