BAKU, Azerbaijan, Jan. 18
By Elnur Baghishov – Trend:
The National Iranian Oil Company (NIOC) will implement 10 major plans to increase gas extraction from fields in the territory of Iranian Central Oil Fields Company (ICOFC), Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr said, Trend reports citing the company’s website.
The deputy minister noted that as a result of implementation of the plans, gas extraction from fields in the territory of ICOFC will increase by 130 million cubic meters per day.
Khojasteh Mehr added that work is underway to allocate funds for implementation of the mentioned 10 plans.
The Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.
The ICOFC extracted a total of 63 million barrels of crude oil and gas condensate and 70 billion cubic meters of gas over the last Iranian year (from March 20, 2020, through March 20, 2021).
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