NISOC crude output at pre-sanctions level: CEO

TEHRAN, June 13 (Shana) – Managing director of National Iranian South Oil Company (NISOC) said the company’s crude oil output has returned to the level it was before the US-led sanctions targeted Iran’s oil sector back in 2012.

Speaking to Shana,, Bijan Alipour said crude oil production of NISOC, Iran’s biggest supplier of the item, has reached its pre-sanctions levels.
“NISOC supplies 1.6 mbd of Iran’s oil exports,” said the official.

He said the company is currently producing 2.9 mbd of crude oil in a sustainable fashion.

NISOC has made the achievement while it is equipped with the oldest machinery, pipelines and drilling facilities, said Alipour.

“Reaching this level of production took us a year and a half of nonstop work,” he said.

“As the minister of petroleum and managing director of National Iranian Oil Company (NIOC) had promised, NISOC managed to add over 900,000 barrels to its output in less than 6 months,” he added.

By SHANA