12 August 2024 - 17:22
  • News ID: 645257
EC Ratifies NIOC Plan to Boost Oil Production

SHANA (Tehran) - The Economic Council approved a plan proposed by the National Iranian Oil Company (NIOC) to boost oil production in 34 oil fields.

This plan, in principle, is slated to raise Iran’s daily oil production swiftly by 250 thousand barrels.

During the session, the 14th administration’s first vice-president Mohammadreza Aref referred to the important role and performance of the Economic Council in the framework of the decision-making processes in the country.

He noted the council was in charge of coordinating decisions made by different ministries and other governmental bodies amid planning and directing financial resources toward the country's largest developmental and infrastructural projects.

“Regarding the role and performance of the Economic Council and prompting its status, it is necessary to avoid creating parallel councils and committees, so that the government will be able to realize the president’s announced strategies, promises, and programs as soon as possible.” The first vice-president said.

In a separate news, the managing director of the National Iranian Oil Products Distribution Company (NIOPDC) Jafar Salarinasab estimated that the average daily gasoline consumption during the current Iranian Month of Mordad, since July 22, will be 126.3 million liters.

He said that daily gasoline consumption was expected to rise this month mainly due to Arbaeen Travels when hundreds of thousands of pilgrims go to the neighboring country Iraq where the third Imam of Shia, Imam Husain, is buried.

According to him, 20 mobil gas stations have been set up in border terminals with Iraq to facilitate fuel delivery to the pilgrims. 

News ID 645257

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