Iran boasts of oil production gains since last year

7 Nov 2017   Iran

Iran says its total crude oil production since last year is up by about 1 million barrels per day. File photo by Maryam Rahmanian/UPI Nov. 6 (UPI) — A state-run oil company in Iran, one of OPEC’s largest producers, said its total crude oil production is up more than 1 million barrels per day from last year. The National Iranian South Oil Co., which accounts for about 80 percent of total Iranian oil production, said it supplied 2.9 million barrels of oil per day during the first half of the Iranian calendar year, which starts March 21. According to SHANA , total Iranian crude oil production is up more than 1 million barrels per day from last year. Abdolreza Dabiri, the director of production at the NISOC, said the gains were made possible by easing international sanctions and a stronger focus on domestic capabilities, as well as a skilled […]

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