Iran plans to boost crude oil output capacity by 3 million bdp

EghtesadOnline: Iran plans to raise its crude production capacity by 3 million bdp, deputy of National Iranian Oil Company, Gholamreza Manouchehri saying Monday.

News ID: ۷۷۶۰۲۵

08 May 2017

Speaking on the sidelines of a petroleum exhibition in Iran, Manouchehri said: “the aim of boosting the country's output capacity by such a substantial amount would be to promote and stabilize its footing in OPEC and the global market”.

“NIOC is considering signing $80 billion of deals with domestic and international contractors within the next two years,” ISNA quoted him as saying.

“NIOC has so far signed 24 memoranda of understanding with domestic and international companies seeking to join oil and gas development projects in the country, including a recent MOU with Philippine National Oil Co. for studies of Iran's Pazanan and Darkhowin oil fields,” Manouchehri said on the sideline of Iran Oil Show 2017.