ICOFC produces 240 mcm/d of gas in central oil fields

TEHRAN - The production manager of the Iranian Central Oil Fields Company (ICOFC) announced the daily extraction of 240 million cubic meters of gas in these regions, saying: “More than two million cubic meters of this amount is obtained from the collection of flare gases, which after processing and liquefaction, is injected into the national network.

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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).