News ID: 473
Date: Sunday 14 January 2024 - 23:23

Increasing Iran’s oil production to 3.4 million barrels per day

Increasing Iran’s oil production to 3.4 million barrels per day
The CEO of the National Iranian Oil Company said: When the government handed over, daily oil production was 2 million 107 thousand barrels per day, and with the efforts made, it has reached more than 3 million 400 thousand barrels.

According to Energy Press, Mohsen Khojstemehr said today at the opening ceremony of the 14th Khuzestan oil industry equipment manufacturing exhibition, he stated: When a group of people from Khuzestan met with the Supreme Leader, he considered Khuzestan as a privileged point compared to other provinces and said: Khuzestan is the place where the martyrs of other provinces were martyred in this land and it was the point of connection and unity of the whole country. Today, this economic growth in Khuzestan is the point of solidarity and unity of the country, and we believe that the economic growth and production of the country comes from Khuzestan and neighboring provinces. Is.

Development of common oil fields and identification of new markets

He added: There is a direct relationship between good governance and leadership and field presence. If we want to be a good ruler and leader, we must have good field presence among all employees of the oil and gas industry in 16 provinces of the country.

CEO of National Iranian Oil Company said: With the beginning of the 13th government, an important approach was considered, and the oil company was asked to achieve production growth after a period of stagnation, to pay attention to investment and development of fields, especially joint fields, and new markets. It was discovered that there was a budget deficit of about 460 thousand billion tomans during the delivery period, but with the efforts of the oil industry, a part of this budget deficit was compensated, however, the oil industry must increase production and generate income in order to achieve economic growth.

Daily oil production reached 3.4 million barrels

Referring to the effort to increase knowledge-based companies in the field of oil and gas, he said: the value chain and technological ecosystem should be completed by importing knowledge-based companies in Khuzestan and neighboring provinces. When the government hands over, daily oil production will be 2 million and 107 thousand barrels. It was during the day and with the efforts made, it has reached more than 3 million 400 thousand barrels, which indicates an increase in exports, because the increase in production is allocated to exports, more than 90 percent of this increase in production and exports is equivalent to 1 million 200 1,000 barrels belong to Manati National Oil Company of the South.

100% export of oil in excess of domestic demand

Referring to the 100% export of oil in excess of domestic demand, Khojaste Mehr continued and said: Today, new markets and destinations have been identified for the sale of oil, and we have obtained different methods of transferring resources, which is a sign of a jihadist and revolutionary government. The difference between the governments is in their approaches. And this can elevate the country. Also, with the support of the government, we have been able to successfully complete our first mission. However, we are looking to increase production by the end of the year. Since the beginning of the government, so far, about 4 billion dollars have been signed or the implementation of five projects. The field has been completed, three of which are common, and very large and important contracts will be signed by the end of the year.

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