The managing director of National Iranian South Oil Company (NISOC) said plans are under way to renovate petroleum facilities in Iran's southern oil rich regions.
Bijan Alipour said that NISOC plans to renovate oil facilities in Gachsaran, Maroun, Masjed Soleyman and Karoun oil regions over several phases.
Alipour said: "We need to renovate our facilities to ensure their production sustainability."
NISOC is currently operating 45 small and massive oilfields in Iran's southern areas.
The company is accountable for production of 80% of the country's oil and 16% of its gas output.