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<br><font face=arial size=2><i>NIOC’s Managing Director. Image by National Iranian Oil Company (NIOC)</i></font>

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<b>
Iran Soon to Reach Production Level of 3.8 mln
</b>


<br><br> 
Tehran (NIOC)  - 5 May 2016
<br><br>

Iran will reach the production level of 3.8 million barrels per day within few days, managing director of National Iranian Oil Company (NIOC) stated.
<br><br>
Roknnodin Javadi made the remark in a news conference took place in the onset of the 21st International Oil, Gas, Refining and Petrochemicals Exhibition of Iran Today (May 5th) and added that Iran has successfully reached a hundred percent of its plans to produce and export crude oil.
<br><br>
Mentioning that during sanctions, the country had a production rate of a million barrels per day, Javadi explained: “Based on what is planned, catching up with same capacity of producing crude oil as it was before the sanctions requires a target of producing 2,200 million barrels per day.
<br><br>
Deputy Minister of petroleum stated that Iran will soon make the record and reaches to the production rate of 2.1 million barrels per day.
<br><br>
Regarding condensates, Javadi also pointed out that the country has been successful to export 450,000 barrels while during the sanctions the figure was only 250,000 barrels per day.
<br><br>
Regarding Iran Petroleum Contract (IPC) matter, managing director of NIOC stated that the first round of tender offers will be held in June.





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<br><a href="http://www.nioc.ir/" target="_blank">National Iranian Oil Company (NIOC) press release</a>







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