"The countries were stunned as they were not well informed of Iran's domestic potential and capacity to indigenize technical know-how and manufacture of the advanced equipment."
He said within three years since 1392 (2013-14), when the 11th government took office, half-finished projects were completed and put into operation.
The National Iranian South Oil Company (NISOC) is a government-owned corporation under the direction of the Ministry of Petroleum of Iran, and operates as a subsidiary of National Iranian Oil Company. It was established in Masjed Soleyman, 1971.
NISOC is producing about 83% of all crude oil and 16% of natural gas produced in Iran and ranks as the Iran's largest oil company.
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