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Iran South Oil Co. to up oil production 236,000 barrels

Iran Materials 9 February 2012 13:49 (UTC +04:00)

Azerbaijan, Baku, Feb. 8/ Trend M. Moezzi

The National Iranian South Oil Company (NISOC) is targeted to increase its petroleum production by 236,000 barrels as part of Iran's Fifth Five-year Socio Economic Development Plan (2011-2015).

The plan calls for expanding Iran's overall production capacity by one million barrels.NISOC produces three million barrels of oil per day, 80 per cent of Iran's total. The company's most important achievement has been keeping oil production stable said Hormoz Qalavand its managing director.

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