VOL. XXXIX

No. 55

14-October-1996

IRAN

NIOC Meets Offshore Production Targets As Output Mounts

With exports of its three offshore crude blends averaging some 450,000 b/d so far this year and individual monthly shipments surpassing the 578,000 b/d mark, signs are mounting that Iran's NIOC has succeeded in its efforts to increase the production capacity of its offshore fields to 600,000 b/d by 1996 (MEES, 22 May 1995). Whether the producer will be able to meet its longer-term offshore output...