Categories: EnergySelected

MSOGC Eyes 10% Rise in Output by March 2017

Managing director of Masjed Soleiman Oil and Gas Company said the company will boost its output by at least 10% by the end of the current Iranian calendar year to March 20 2017.

Ebrahim Piramoon told Shana that the company’s performance for the previous calendar year was more than expected and it supplied 105% of the output it had planned.

The company added an average of 6,000 000b/d of oil to its production capacity.

He said MSOGC plans to repair old wells and dig new ones in the new year in a bid to boost its production in line with the National Iranian Oil Company’s directives.

“This year, 4 desalination projects in Lab Sefid oil field and a gas desalination and sweetening project in Ghale Nar and Lab Sefid will be finalized by the end of the current year which will add the quality and quantity of the company’s production,” he added.

NIOC has tasked MSOGC to add at least 14,000 000b/d or 10% to its oil and gas production.
Golrokh Askarieh

Recent Posts

French-German network Arte acquires, dubs Iranian series “Actor”

Arte, the French-German cultural television network, has recently secured the Iranian series “Actor” for broadcasting.

4 hours ago

Ukraine detains two officials for treason over alleged Russian plot to kill Zelensky

Ukraine has arrested two security officials allegedly involved in a Russian plot to assassinate President…

4 hours ago

Hamas says Israel sabotaging ceasefire negotiations

Palestinian group Hamas has stressed in a statement Israel’s military incursion into the Rafah crossing…

5 hours ago

Tehran’s influence at stake as Iran’s parliamentary election enters 2nd round

The upcoming parliamentary elections in Iran on May 10 will determine the fate of 45…

7 hours ago

EU says “no safe zones in Gaza”

The EU’s foreign policy chief, Josep Borrell, has added his voice to mounting criticism against…

7 hours ago

Mazandaran regional water co. completes largest solar power plant in northern Iran

The Mazandaran Regional Water Company has completed the installation of a solar power plant on…

7 hours ago