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NIOC National Iranian Oil : NIDC Drills 117 Oil, Gas Wells in One Year

Iran begins boosting oil output to reach pre-sanction level | Hellenic Shipping News Worldwide

Iran begins boosting oil output to reach pre-sanction level Iran’s Deputy Oil Minister Amir Hossein Zamaninia said the country has started boosting its oil production and will be able to reach pre-sanction levels within two months. Iranian oil won’t create any surplus in the oil market and the market will be able to accommodate the country’s maximum oil output of around 3.9 million to four million barrels a day, Bloomberg quoted Zamaninia as saying on the sidelines of Iran Oil Show in Tehran. As reported, Iran has currently curbed its oil production to less than half of its total capacity due to the problems that the country is facing for its oil exports since the re-imposition of the U.S. sanctions.

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