The National Iran South Oil Company (NISOC) is ready to return to pre-sanctions oil output, the company’s CEO Ahmad Mohammadi said, according to a report by a state news agency.
Mohammadi added that the company has other plans to maintain the higher production levels. “We have annual financial and operational plans that are followed and include above-ground and underground sections such as wellhead operations, facilities and pipelines,” he said.
Commenting on several projects announced by NISOC, Mohammadi said, “by implementing these projects, in addition to preventing a reduction in production, we will increase the level and production capacity of oil-rich areas to the goals of the Ministry of Petroleum and the National Iranian Oil Company.”
The report did not include any comment about the incoming Biden presidency and potential return to the 2015 Nuclear Deal, but noted that NISOC is ready “in any period” to stop reducing oil output from the nation’s southern regions, which contribute more than 80% of the nation’s oil production capacity.
