Baku, Azerbaijan, Sept. 7
By Emil Ilgar – Trend:
Iran hopes to inaugurate the Khesht field to be able to start light oil export to Hungary, Seyed Mohsen Ghamsari, director for international affairs at the National Iranian Oil Company, told Mehr news agency Sep. 7.
He said Hungarian company MOL wants to purchase 30,000-40,000 barrels per day of light oil from Iran, but that is possible only after commencing the Khesht field.
The Khesht field with 1 billion barrels of in-situ oil reserves, of which 270 million barrels are recoverable, has been developed since 2005. The first phase of the development project, aimed to produce 20,000 barrels per day (b/d) should have been commenced until March 2016, but it was postponed. The second phase of the project also would add further 10,000 b/d to this level.
Mehr reported that Khesht’s first phase have been completed by 80 percent.
The API gravity of Khesht’s reserves is 30 degree.
Iran announced last October that the first phase of the project was completed by 80 percent, which indicates that the country hasn't developed the project since last October.
Mehr says the project has faced financial problems.