NISOC Ready Increase Oil Output

The Managing director of the National Iranian South Oil Company (NISOC) said on Wednesday that the company is ready to increase oil production by 30 percent.

Bijan Alipour told IRNA that the NISOC, the biggest oil company affiliated to National Iranian Oil Company (NIOC), has enough capacity to add 600,000 bpd to its current production of two million bpd following the removal of sanctions.

He added that international oil giants have ‘expressed readiness’ to invest in Iran.

(Source: Iran Daily)

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