NIOC Says Iran Crude Output to Hit 4mbd by March
Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Irans crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017.
Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Irans crude oil production will reach 4 million barrels per day by the end of the current Iranian calendar year to March 20 2017.
Addressing a press conference held on the occasion of the anniversary of the victory of the Islamic Revolution, the official said the countrys crude oil and condensate exports are expected to reach 3 million barrels by the end of the year.
Iran exported a maximum of 0.9mbd to Europe during December, he said.
The NIOC chief said that Irans total natural gas output has reached 840 mcm/d from 490mcm/d in 2013.
He also said that Irans production of natural gas from the supergiant South Pars Gas Field, which Iran shares with Qatar in Persian Gulf waters, stands at 480mcm/d.
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