By John Lee. The National Iranian South Oil Company (NISOC) has signed a memorandum of cooperation with Basra Oil Company (BOC). Alireza Daneshi, NISOC CEO, said: "This document paves the way for enhancing cooperation between Iran and Iraq in the field of oil and it is a good opportunity to strengthen the relationship between the
Speaking in a press conference on the sidelines of Iran Oil Show 2022, Alireza Daneshi put the NISOC’s current oil production capacity at three million bpd, saying that the 300,000-bpd increase in the production capacity of the company’s oil fields is going to be realized within five years. Pointing to the great potentials of the .
The National Iranian South Oil Company (NISOC), which is the largest oil and gas company in the country in terms of output, says it has increased its production by nearly 600,000 barrels per day (bpd) compared to figures recorded in August. NISOC’s CEO Alireza Daneshi said on Saturday that company’s output is currently near levels .