Iran expects oil output reaching 4 million barrels per day by April
Oil Production
Dubai - Arab Today
Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official was quoted as saying on Saturday.
Iran said in January its daily output was close to 3.9 million barrels.
"We were due to reach 4 million barrels ...by the end of the (Iranian) year (March 20). This will be realised with a one-month delay," said Ali Kardor, head of the state-run National Iranian Oil Company (NIOC), quoted by the Iranian Students' News Agency (ISNA).
"Of course, Iran’s crude oil production reached 4.2 million barrels at a certain stage, but later fell," he added, without giving further details.
Kardor said Iran’s next five-year plan which starts in March predicted the drilling of 500 new wells, the oil ministry’s news website SHANA reported.
"This will be needed in order to reach a production of 4.7 million bpd,” SHANA quoted Kardor as saying.
Under a deal agreed to cut production by the Organisation of the Petroleum Exporting Countries in December, Iran was allowed to boost output slightly from its October level. Tehran has long argued it needs to regain market share lost under Western sanctions.
Source :Times Of Oman
GMT 16:51 2018 Wednesday ,10 October
Iran’s barter deal will offer it no respiteGMT 15:52 2017 Tuesday ,11 April
Iran’s Rowhani defends economic record ahead of electionGMT 13:50 2017 Thursday ,30 March
U.S. arrest of Turkish banker 'completely political'GMT 09:49 2017 Wednesday ,22 March
Khamenei fleshes out 'Made in Iran' visionGMT 21:00 2017 Tuesday ,14 March
Iran's biggest cargo line looks at London share listingRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 16:27 2018 Wednesday ,17 October
Jada Pinkett Smith skydives in Dubai
GMT 12:51 2018 Tuesday ,20 November
Turkish media releases chilling account from Khashoggi 'murder tapes'
GMT 10:47 2018 Wednesday ,17 October
Canada ready for high times as marijuana becomes legal on Wednesday
GMT 22:28 2017 Tuesday ,19 December
Mohamed Assaf cancels his concert in Nazareth
GMT 00:25 2017 Sunday ,23 April
Chinese supermarkets pull Brazil
GMT 00:25 2017 Thursday ,12 January
Ancient palm wood craft faces extinction in Egypt
GMT 06:26 2017 Thursday ,20 July
Pope Tawadros II hails military academies as ‘hero makers’GMT 06:52 2013 Friday ,24 May
Hind Rostom’s daughter denies biopic rumours
GMT 19:00 2017 Thursday ,23 March
Friad announces to submit a draft resolution
GMT 13:31 2018 Monday ,12 November
Most big companies failing UN human rights test, ranking shows
GMT 10:19 2018 Sunday ,28 October
Harry and Meghan receive traditional Maori welcome in New Zealand
GMT 20:53 2016 Friday ,02 December
UAE Consul-General takes part in Chinese People's Political
GMT 05:54 2018 Thursday ,06 September
In one school, 25% of Kerela students yet to return affected by the devastating floods in the state
GMT 21:10 2016 Saturday ,24 September
Vietnamese tennis players win F5 Men's Future doubles
GMT 18:53 2017 Monday ,24 April
Qatari Amir receives UN envoy
GMT 04:59 2016 Thursday ,01 September
Suicide Attack Foiled in Baghdad
GMT 07:17 2017 Monday ,18 September
3 Libyan troops killed in Sabratha heave clashes
GMT 15:43 2018 Tuesday ,09 January
Brussels offers to mediate in Slovenia-Croatia bay row
GMT 15:45 2017 Thursday ,09 November
Delhi schools shut as toxic smog hits India and Pakistan
GMT 08:48 2018 Tuesday ,02 January
Timeline of Iran protests
GMT 06:32 2017 Thursday ,23 March
Morocco Fassi’s player aspires to qualify
GMT 15:18 2017 Sunday ,31 December
Iran warns protesters will ‘pay the price’ as unrest turns deadly
GMT 10:24 2017 Sunday ,31 December
Beaten Serena unsure about Australian Open
GMT 11:40 2017 Tuesday ,26 December
French prosecutors to probe Lactalis baby milk contamination
GMT 11:03 2017 Sunday ,24 December
New plants a shot in the arm
GMT 19:12 2016 Friday ,28 October
'Transformers' producers lose China legal battle
GMT 22:57 2017 Tuesday ,21 February
Stormy seas for the world’s largest yacht
GMT 18:05 2017 Sunday ,06 August
Iraq’s Culture Ministry launches creativity award
GMT 07:37 2017 Sunday ,05 November
1m Arab Coders Initiative Draws 500,000 Global Applications
GMT 11:19 2017 Monday ,13 November
U.S Congress expresses support for Peshmerga
GMT 13:54 2017 Wednesday ,08 March
Sea of Galilee water level lowest in century
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor