Bijan Alipour said the company offered 100.3% of its production duty to the country last year.
He said the removal of sanctions on Tehran nuclear program has led to raised output by the company.
Alipour added that the company will exceed its duties in the coming months by producing more oil than it is required by the National Iranian Oil Company (NIOC).
NISOC operated 45 small and large oil and gas fields in Iran and its production accounts for 80% of Iran's crude oil and 16% of its natural gas output.
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