Kardor, managing director of National Iranian Oil Company (NIOC), said Iran
will reach an oil production rate of 4.5 million barrels per day (bpd) within
Iran's output stands at around 3.8 mbd.
gas production will reach 1.3 billion cubic meters per day and production of
gas condensate will reach 864,000 bpd in the next five years, Kardor said.
boost in oil production will come from an increase of 420,000 bpd from the West
Karoun oil field and an additional 280,000 bps from oil fields in central and
southern Iran as well as the Iranian Offshore Oil Company (IOOC), Mr. Kardor
exports are expected to reach up to 2.5 million bpd within five years, Kardor
increase in gas production is expected to come from South Pars, the world’s
largest gas field, according to Kardor.
also said that production of liquefied petroleum gas (LPG) will increase to
10.5 million tons/year and ethane output of the country will grow to 8.8 mt/y.