BAKU, Azerbaijan, November 22. The crude oil production of Iran’s Gachsaran Oil and Gas Production Company (GOGPC) has reached 600,000 barrels daily, CEO of the company Gholam Reza Kamali said, Trend reports.
“In 2018, as a result of the imposition of oil export sanctions against Iran by the US, the crude oil production of the Gachsaran Oil and Gas Production Company decreased to 50,000 barrels per day,” Kamali noted.
The CEO also stated that the GOGPC, which is Iran's second largest crude oil production company, has fully implemented its 6-month plan.
Although Iran is currently under sanctions, the crude oil produced is being exported to various markets, he added.
Iran keeps its crude oil exports, revenues and destinations secret because of the sanctions imposed on the country.
Iran's Gachsaran Oil & Gas Production Company (GOGPC) is operating under the National Iranian South Oil Company (NISOC). The company is engaged in the field of oil production, refining, and transportation, as well as natural gas and gas condensate production. There are 12 oil and gas fields in the territory of this company.
The company extracts hydrocarbons from 16 oil and gas fields and has 857 oil and gas wells on its land. The oil and gas from the wells are transported by pipelines that span 7,500 km in total.
The company has the capacity to produce 652,000 barrels of crude oil per day and produces 561,000 barrels of crude oil daily.
At present, 950 million cubic feet (about 26.9 million cubic meters) of gas are produced from the company's fields. Of the mentioned volume, 800 million cubic feet (about 22.6 million cubic meters) are supplied to the plant of Bid-Boland Gas Refining Company, while 150 million cubic feet (about 4.24 million cubic meters) of gas are pumped into oil wells.
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