5 February 2025 - 23:36
  • News ID: 653945
Iran increases oil, gas production despite sanctions: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that despite international challenges and sanctions, Iran has managed to increase its oil and gas production.

Hamid Bovard emphasized that the oil industry has played a significant role in the country's economic growth.

Speaking at a ceremony on Tuesday honoring retired employees, Bovard highlighted that retirement is not the end but the beginning of a new phase where their valuable experiences can still be utilized.

He noted that Iran's oil industry, with a century-long history, has always been a cornerstone of the nation's economy.

The progress seen today is the result of the relentless efforts of dedicated and skilled professionals who have devoted their lives to the industry. Retirees, he said, are the individuals who have brought the industry to its current standing through years of hard work.

Bovard pointed to recent achievements in the oil sector, including a record-breaking increase in oil exports this December, the highest in the past decade. He attributed this success to the collective efforts of the oil industry, which has been acknowledged by senior government officials.

Despite international sanctions and challenges, Bovard said, Iran has successfully boosted oil and gas production, contributing significantly to the country's economic growth.

He also stressed the importance of maintaining strong ties with retirees, describing them as invaluable reservoirs of knowledge and experience. He emphasized the need to leverage their expertise to pass on knowledge to future generations and to advance the goals of the oil industry.

Bovard expressed gratitude to the families of retirees for their unwavering support, stating that honoring retirees is not merely a symbolic gesture but a responsibility. He called for creating favorable conditions for retirees and continuing to benefit from their expertise.

News ID 653945

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