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NIOC eyes 1.5 bcm/d gas production capacity with over $70b investment: CEO

The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).

ICOFC to add 10 mcm/d to Iran’s natural gas production capacity

TEHRAN – Managing director of Iranian Central Oil Fields Company (ICOFC) has said the company is tasked to implement a force major development project on central fields in order to add 10 million cubic meters (mcm) per day to the country’s natural gas production capacity.

‘Development of oil, gas fields prepares ground for flourishing western provinces’

TEHRAN- The managing director of Iranian Central Oil Fields Company (ICOFC) said the development of the oil and gas fields lays the ground for flourishing the provinces in the west of the country.

By Mahnaz Abdi

ICOFC to recover 1.5mcf of flare gases per day based on a 4-year plan

TEHRAN- Iranian Central Oil Fields Company (ICOFC) is implementing a major zero-flare project, based on which the company will recover 1.5 million cubic feet (mcf) of flare gases per day based on a four-year plan by the end of the Iranian calendar year 1404 (March 2026), the managing director of the company announced.