TEHRAN (FNA)- The National Iranian Oil Company (NIOC) announced on Monday that the country would implement development plans for 30 oil and 11 gas fields on and offshore.            

Execution of 14 exploration plans and development of 9 gas reserve layers are among other projects to be carried out by NIOC subsidiaries, a Company statement said.

The NIOC also declared in its statement that it aims to boost its crude production capacity to 5.1 million barrels per day in 2014 and increase the country's natural gas production to 1111 million cubic meters per day in the same year.

Other major policies of the NIOC include attainment of financial resources through internal investment and foreign facilities, development of human resources and technical know-how, creation of a competitive environment through privatization and deregulation.

The company also seeks to expand Iran's role in the global energy market through developing international interactions, concentrating on the development of oil and gas reserves and making use of Iran's geopolitical situation in the region to develop the country's energy sector.