NISOC to raise production

Ahvaz, Khuzestan, Oct 7, IRNA – Managing director of the National Iranian South Oil Company (NISOC) said Wednesday that the company is ready to increase its oil production to three million barrels per day.

Enjoying big oil reources, the company is capable of achieving that goal in the shortest time, Bijan Alipour told IRNA. NISOC has enough capacity to add 600,000 barrels daily to its production after removal of sanctions, said the official. Presently the company is producing two million barrels daily, the official added. About the post-sanctions era, he said the world's giant oil companies have expressed readiness to make investment in Iran's market. The European oil companies have also expressed willingness to invest in oil projects in Iran, he noted. NISOC is the biggest oil company affiliated to National Iranian Oil Company. 1483**1312



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