Managing director of Iranian Central Oil Fields Company (ICOFC) has said the company is tasked to implement a force major development project on central fields in order to add 10 million cubic meters (mcm) per day to the country’s natural gas production capacity.
The managing director of Iranian Central Oil Fields Company (ICOFC) said his company will benefit from the capacities of the scientific institutions and knowledge-based enterprise of the western Kermanshah province properly to fill the gap created by the sanctions.
Iranian Central Oil Fields Company (ICOFC) is implementing a major zero-flare project, based on which the company will recover 1.5 million cubic feet (mcf) of flare gases per day based on a four-year plan by the end of the Iranian calendar year 1404 (March 2026), the managing director of the company announced.
Iranian Minister of Petroleum Javad Owji said 150 knowledge-based companies have announced their readiness to cooperate with the oil industry.
The CEO of the National Iranian Oil Company (NIOC) appointed Mehdi Heidari as the CEO of the Iranian Central Oil Fields Company.
As announced by the managing director of Iranian Central Oil Fields Company (ICOFC), 90 new development wells and 17 workover wells will be dug in the operational zone of South Zagros Oil and Gas Production Company (SZOGPC) in a course of five years.
The Director of Integrated Planning of the National Iranian Oil Company (NIOC) announced that For the Iranian Central Oil Fields Company, 320 million cubic meters of gas has been planned to be added to its production capacity in the next eight years.
The CEO of the South Zagros Oil and Gas Production Company announced a daily increase of 1.5 million cubic meters of the company's gas production capacity by launching two wells.
Iranian President Ebrahim Raisi said that during a visit to Turkmenistan the relationship between the two countries was considered and Iran's advantage in transit of gas, as well as the issue of gas swaps between Iran, Turkmenistan and Azerbaijan were discussed.
Iranian Minister of Petroleum Javad Owji said: "The amount of oil sales has increased dramatically compared to last year."