Ehe National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by 355,000 b/d at 33 fields. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Eight projects worth $1.2 billion were signed on Jan. 11, potentially boosting oil production by 95,000 b/d. The first group of these oil production enhancement projects signed in January 2019 are about 30% completed, and some of the fields have started production, NIOC managing director Masoud Karbasian said at the ceremony. “The contractors will not be paid if they don’t increase the production,” oil minister Bijan Zanganeh said. The country’s top […]