9 June 2021 - 15:35
  • News Code: 317217
NIOC Prepared for Speedy Resumption of Iran Oil Production

TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."

In an interview with Shana, Farrokh Alikhani added: "After the re-imposition of sanctions against Iran and the development of a production control scenario, the production recovery scenario was also put on the agenda and plans were made to revive production at one-week, one-month and three-month intervals."

He said: "Although we have considered the time required for the full restoration of production to be a quarter, based on the plans and preparations that have been provided, we anticipate that the main targeted production capacity will be revived within a month."

The official continued: "Our approach has always been to be fully prepared so that whenever maximum oil production is demanded, we can restore production in the shortest possible time. For this purpose, the fields have been studied well by well, and it is natural that some young and energetic wells return to the production level more quickly, while others will need more operations for restoration of production levels.”

"Our plan is not limited to restoring previous production capacity, and in the second step, we plan to increase oil production capacity even further," he said.

He said: “The average daily production of Iranian oil in the post-JCPOA period was 3.83 million barrels per day and the National Iranian Oil Company plans to return pre-sanctions production levels in the first step if sanctions are lifted. In the next step, increasing production capacity to more than 4 million barrels is targeted.”

News Code 317217

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