The National Iranian Oil Company has achieved a historic record in crude oil production by focusing on developmental and maintenance projects. In the year 1403, the country's crude oil production saw a 10% increase compared to 1402, a trend that continued into 1404, resulting in a 3.5% growth. Thus, the highest record for crude oil production in over seven years has been broken.
Increase in Production Capacity and Achievements of the Fourteenth Government
Hamid Bord, the caretaker of the Ministry of Oil, has announced that during this period they have managed to break the crude oil production record of the last seven and a half years. This achievement is the result of developmental and maintenance programs that have led to an increase of 200,000 barrels per day in the country's production capacity. Despite financial pressures and revenue constraints, the National Iranian Oil Company has managed to maintain and enhance its foundational capacities.
Increase in Exports and Supply for Refineries
Reza Khailai, the director of oil and gas production supervision, has explained that the produced crude oil is not only used to supply domestic refineries but is also exported to target markets in various grades. Since the beginning of the Fourteenth Government, approximately 230,000 barrels have been added to the country's crude oil production capacity daily. This increase in production is due to the drilling and commissioning of 47 wells in different areas.
In the shared South Azadegan field, the commissioning of 28 new wells has added about 51,000 barrels to the production capacity daily. Additionally, new wells have also been brought into production in the Darquain, Yadavaran, and Dehloran fields. Alongside these actions, repair and revitalization services for old wells have also contributed to an increase of about 49,000 barrels in the country's production.
The increase of 30,000 barrels from the Sepehr and Jofeir fields is another highlight of the developmental projects. With the drilling of eight wells and equipping them with downhole pumps, oil production in these areas has risen to 30,000 barrels per day. Khailai also referred to major industrial projects in the processing and desalting sectors, announcing the construction of a centralized desalting unit in Ahvaz with a capacity of 250,000 barrels of salty crude oil.
The completion and commissioning of the central processing unit in Azadegan with a final capacity of 320,000 barrels is considered one of the prominent achievements during this period. This unit has been designed and implemented to address processing bottlenecks in the Azadegan field.
With these actions, the National Iranian Oil Company has significantly increased crude oil production and exports, thereby playing its role as a vital artery of the country's economy in a critical economic situation.
