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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.