The CEO of the National Iranian South Oilfields Company emphasized the acceleration of developmental actions, increasing the processing and transfer capacity of oil, and enhancing the safety and sustainability of the pipelines in the Timor Water operating unit.
Details of the Development Program
The Timor Water Unit, located in Khuzestan Province, is considered one of the most important operating units in Iran's oil industry. This unit, with a daily production capacity of 25,000 barrels of crude oil, plays a key role in meeting domestic needs and oil exports. According to new plans, the National Iranian South Oilfields Company intends to increase the oil processing capacity in this unit to 30,000 barrels per day.
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Importance of Pipeline Safety and Sustainability
Alongside increasing production capacity, enhancing the safety and sustainability of the pipelines is also one of the priorities of the company's CEO. According to him, the actions taken include updating equipment and modern technologies to reduce potential risks and increase efficiency. These changes are expected to improve the performance of the Timor Water Unit while also reducing operational costs.
The CEO of the National Iranian South Oilfields Company also referred to international collaborations and attracting foreign investments to improve infrastructure, stating: "Given the sanctions and existing challenges, there is a need for cooperation with foreign companies and the use of modern technologies."
These developmental actions are in line with the country's macro policies to increase oil production and improve the infrastructure of Iran's oil industry. Given the existing capacities in the Timor oil field and other related fields, it is hoped that these projects can contribute to increasing oil exports and strengthening the country's economy.
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