BAKU, Azerbaijan, May 29. Iran's crude oil production is planned to be increased by 80,000 barrels per day by June 21, Farrokh Alikhani, head of oil and gas production monitoring at the National Iranian Oil Company (NIOC), said at a meeting held at the Arvandan Oil and Gas Company (AOGC), Trend reports.
He explained that 20,000 barrels of this production per day falls on the share of the AOGC.
Alikhani added that the programs to increase production will continue until the end of the year (March 20, 2026).
According to the latest OPEC report, Iran's crude oil production decreased by 30,000 barrels in April and amounted to 3.3 million barrels per day.
The AOGC operates under the NIOC. Currently, the daily crude oil production potential of the AOGC is 400,000 barrels. This company can also produce 7.64 million cubic meters (270 million cubic feet) of gas per day.
As many as 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
---
Follow the author on X: @BaghishovElnur
