BAKU, Azerbaijan, April 16. The National Iranian South Oil Company (NISOC) has repaired various pipes, and other necessary equipment in the oil sector domestically over the last Iranian year (March 21, 2021 through March 20, 2022), said Younes Abbasi Larki, Director of technical services, repair and improvement department of the NISOC, Trend reports citing the company’s website.
The director stressed that the company repaired a total of 895 units of equipment and pipes last Iranian year. As a result, more than 598 billion rials (about $14.2 million) were saved.
Abbasi Larki added that the domestic repairing of the mentioned equipment and pipes help to continue production in extraordinary conditions and to maintain the safety of the wells.
“The repaired equipment and pipes are produced by a number of foreign companies. Due to certain restrictions, the NISOC carries out repairs of pipes and equipment within the country,” he said.
The National Iranian South Oil Company, a subordinate of the National Iranian Oil Company, operates 45 large and small hydrocarbon deposits in an area of 400,000 square kilometers from Iran's Bushehr Province to the north of Khuzestan Province.
The company extracts about 80 percent of Iran's crude oil and 16 percent of gas. The company reportedly extracts about 3 million barrels of oil per day.
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