25 September 2021 - 16:50
  • News ID: 321694
NIOC Bracing for Big Jobs: CEO

TEHRAN (Shana) – The newly-appointed CEO of the National Iranian Oil Company (NIOC) emphasized the need to adopt macro approaches based on comprehensive views and pay special attention to productivity, efficiency and scientific management, said: “NIOC, taking advantage of these characteristics and creating synergies between forces, will be ready to perform major tasks.”

Speaking on Saturday, September 25, in the first gathering in the presence of NIOC board members, senior and staff managers and CEOs and board members of NIOC subsidiaries, Mohsen Khojastehmehr commemorated the mourning days of Arbaeen and Sacred Defense Week, and said: "I offer my sincere condolences to you, because I know what a difficult mission you have undertaken, and I need to emphasize that in order to carry out more difficult missions and tasks in the future, we need to exchange views and establish communication more than anything."

Preparing for Big Jobs

He added: "If we divide the activities into three categories of completed works, semi-finished works and unfinished works, we must be prepared to complete the abandoned work and implement the unstarted actions by understanding the existing realities and increasing the forces."

Maximizing wealth production

The Deputy Minister of Petroleum, stating that the sovereignty of the National Iranian Oil Company requires the government and the Ministry of Petroleum, on behalf of the Islamic establishment, to be honest trustees for the people, pointed to the volume of oil and gas reserves, and said Iran's crude oil, gas, liquids and gas condensate is equivalent to 1,000 billion barrels of crude oil, which, taking into account the existing recovery factor, up to 340 billion barrels can be extracted.

Khojastehmehr said: "Our main task in the National Iranian Oil Company is to produce hydrocarbons from these reserves in such a manner that maximizes production of wealth for the country."

News ID 321694


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