Oil Output Cut
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Iran's oil output up by 60,000 bpd: NIOC chief
TEHRAN, Nov. 21 (MNA) – The CEO of the National Iranian Oil Company (NIOC) has said that the country's daily oil production volume has increased by 60,000 barrels.
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CBI to provide $3 bln loan to NIOC for increase in oil output
TEHRAN, Sep. 16 (MNA) – The Central Bank of Iran (CBI) will issue a $3 billion loan to fund a plan by the country’s state oil company, NIOC, to increase oil production by 250,000 barrels per day (bpd) in the near future.