Addressing a conference here in
Tehran on Wednesday, Gholamreza Manouchehri, deputy for development and
engineering at the National Iranian Oil Company (NIOC), said plans are under
way to study all the country's oil and gas reserves with a direct order by Iranian
Minister of Petroleum Bijan Zangeneh.
He said consultation of
domestic and international advisors in this regard would lead to a leap in
developing the country's oil industry.
The official said that natural
gas enjoys a 70% share in the country's energy mix, adding Iran has planned
massive investments in oil industry.
He said enhancing production
rate of brownfields is a priority for the industry in this regard.
"Studies by foreign companies
indicate that Iran can ramp up its crude oil output by 3 million barrels a day,"
the NIOC executive added.
"We expect foreign companies
to provide us with finances and technologies in a short periods of time."