Oil output at NISOC subsidiary at 0.561 mbd: Official
Gachsaran Oil and Gas Company, a subsidiary of the National Iranian South Oil Company (NISOC), is producing 0.561 million barrels per day (bpd) of oil, according to the company’s CEO.
The company is capable of producing 0.652 million bpd of oil, but it is not operating at full capacity, producing just 0.561 million bpd of oil, which is enough to meet domestic needs, Gholamreza Kamali told IRNA on Sunday.
He also said that the company is responsible for producing a daily 950 million cubic feet of gas.
The official added that a daily 800 million cubic feet of the company’s output is being fed to Bidboland Refinery.
Gachsaran Oil and Gas facilities are located at the border of four Iranian provinces of Kohgilouyeh-Boyerahmad, Khuzestan, Bushehr and Fars.
Meanwhile, Press TV reported on Saturday that a large Iranian gas condensate refinery is expected to come on line next year amid efforts to meet rising demand for gasoline that has caused the country to resume imports after more than a decade.
The company responsible for building the Persian Gulf Mehr Refinery said that the facility is planned to be launched with some 120,000 barrels per day (bpd) of processing capacity in the Iranian calendar year 1403, starting March 2024.
Mostafa Shahir, from the Khatam al-Anbia Construction Headquarters (KAA), said that the launch of the Mehr refinery would cover a widening gap between supply and demand for gasoline in Iran.