National Iranian Oil Company seeks to boost production hand-in-hand with private sector

2025-11-2 08:46

The National Iranian Oil Company (NIOC) aims to raise crude oil production by 250,000 barrels per day and refining by 520,000 barrels with private sector support. Contracts worth $1. 6 billion have been signed to boost gas production, including at the Gordan and Pazen fields.

By March 20, 2026, three to four more gas sector contracts are expected. .

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