Oil Production Approaching 4m bpd

By John Lee.

The deputy head of the National Iranian Oil Company (NIOC), Gholam-Reza Manouchehri, has announced that the country is now producing 3.9 million barrels of oil per day.

Regarding the awarding of contracts for the second phases of the Yadavaran and North Azadegan oil fields to the Chinese companies, Manouchehri told reporters: “Anyhow, they are ready to attend our future bid (for the oil fields.)

(Source: IRNA)

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