OREANDA-NEWS. May 18, 2012. Producing some 1,42,000 barrels of crude oil each day, Karoun Oil & Gas Company met 100 of its production schedule in previous Iranian calendar year, announced company’s managing director.

Mohsen Dahanzadeh also commented on company's drilling program in the next year and added: "by drilling 23 development wells, 16,000 barrels will be added to the total production and output rises 45,000 barrels each day by drilling other 63 appraisal wells in the year to come.”

Referring to the measures taken by KOGPC in line with supporting domestic manufacturers, he reiterated:” some 6000 items of goods worth USD 1.9 million were purchased from Iranian suppliers.”

"  in the mean time, 61,000 barrels of gas liquids and 691 cubic feet of associated gases were also extracted in KOGPC ," Dahanzaded went on.

Company owns 7 production units, 3 NGL plants, 8 desalination units and 10 gas compressor stations.

As the largest Subsidiary of National Iranian South Oil Company (NISOC), KOGPC output accounts for 33% of total domestically produced crude oil.

NISOC is regarded as the largest subsidiary of NIOC, pumping 3 million barrels of crude oil each day.