The National Iranian South Oil Company will finalize production, maintenance and enhancement contracts by the end of the current fiscal in March and contractors will start work on 14 major projects during the first half of the next fiscal, the managing director said.
"NISOC, the largest subsidiary of the National Iranian Oil Company, is responsible for the development of 28 oilfields in the southern and southwestern regions, and “hydrocarbon output is expected to increase by 2021,” Ahmad Mohammadi said in Tehran on Thursday.
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