BAKU, Azerbaijan, March 1. Iranian Central Oil Fields Company (ICOFC) has both short-term and long-term programs to increase gas production, Executive Director of the ICOFC, Mehdi Heydari said, Trend reports citing the company’s website.
“According to the company’s short-term program, the production from the company's gas fields will increase by 10 million cubic meters daily in the next Iranian year (March 21, 2023 through March 19, 2024),” Heydari added.
Meanwhile, under the long-term program, the company's gas production is expected to increase by 100 million cubic meters daily after 3 years (March 21, 2026), the director noted.
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.
At present, the ICOFC has the capacity to extract about 250,000 barrels of crude oil and 250 million cubic meters of gas per day.
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