NIOC Aims for 600k bpd Production Hike with New Contracts
The National Iranian Oil Company (NIOC) has set its sights on increasing oil production by 600,000 barrels per day. This ambitious goal was announced by a senior official from the company.
The target is part of five new oil and gas field development contracts that have been ratified and launched. These projects are expected to play a crucial role in boosting Iran's oil output.