Monday, July 24, 2006

Oil and Gas: Iran's oil production increased by 23,000 barrels per day

Iran's total national production of oil has been increased by 23,000 barrels per day and daily natural gas production by 5.8 million cubic meters, according to a National Iranian Central Oilfields Company official.

The rise is the result of drilling operations carried out by the National Iranian Central Oilfields Company (NICOC) at ten wells in a three-month period.

NICOC drilling activities director Hossein Shurab, also said the NICOC also intends to drill seven new wells in the Servestan and Saadatabad oil fields.