According to NIOC, Hamid Bovard presented a report on the performance of his company, plannings for oil and gas production, offshore and onshore drillings as well as the number of drilling rigs along with favorable HSE conditions of oil industry projects at the general assembly of the NIOC in Tehran on Tuesday.

The NIOC head stated that said his company inaugurated major projects during the year to March 20, 2025, as a breakthrough was seen in flare gas collection with the cooperation of private sector. Collection of flare gases is being executed with an increasing trend compared to previous periods.