BAKU, Azerbaijan, October 9. Iran’s Central Oil Fields Company (ICOFC) plans to boost its gas production by 63 percent in the next few year, Executive Director of the ICOFC, Mehdi Heydari said, Trend reports.
Thus, the company's gas production will increase to 400 million cubic meters per day, according to Heydari.
“Currently, the ICOFC produces an average of 245 million cubic meters of gas per day from its developed fields,” he added.
The director also said that the ICOFC also focuses on the development of Mokhtar, Bankol, and Qezel Tapeh gas fields.
The Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.
At present, the ICOFC has the capacity to extract about 250,000 barrels of crude oil and 250 million cubic meters of gas per day.
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