Director of production at the National
Iranian South Oil Company (NISOC) Abdolreza Dabiri has said that Iran's oil
output has grown over a million barrels per day since 2016.
NISOC accounts for 83% of the country's
oil production, he said.
The official further added that the
boost was made possible in the wake of eased sanctions on Iran's oil industry and
by resorting to NISOC's domestic capabilities and skilled workforce.
He further said that the company
has carried out projects over 150 development, repair and workover wells which prevented the reduction of nearly half a million barrels/day of crude production during last
NISOC supplied 2.925 mbd in the
first half of the current Iranian calendar year which began on March 21, materializing
100% of the company's expected production.
It also supplied 71 million cubic
meters of natural gas, 112% of its estimated production during the period.
The company also produced 27,000
barrels of naphtha, and 99,676 barrels of liquefied petroleum gas on a daily
basis in the H1.