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Iran Oil Ministry planning social change in West Karun

Business Materials 16 November 2016 17:50 (UTC +04:00)

Tehran, Iran, November 16

By Mehdi Sepahvand - Trend:

The Iranian Ministry of Petroleum is planning a thorough set of social, economic, environmental, and administrative studies in West Karun area aimed at helping sustainable development in the area, the ministry’s SHANA news agency reported November 16.

With the help of universities, the studies are going to cover all cities and villages in the area extending from Tangeh Chazzabeh to the city of Khorramshahr,” National Iranian Oil Company’s Director of Oil Areas Development Projects Mohsen Amirian said.

“These will lead to suggestions that could contribute to the improvement of social, cultural, and environmental life conditions of people in the area,” he said.

West Karun follows South Pars as highest important area for development at the ministry.

West Karun contains numerous oil fields that Iran shares with the neighboring Iraq. Iran is currently extracting 260,000 barrels of oil per day from the fields.

Amirian said that preliminary studies indicate the area needs 57 schools, 21 health care centers, 74 sports complexes, 86 strings of urban and rural roads, as well as water distribution to 74 villages.

“We have allocated a time span of five years to making these changes and have estimated that a budget of 5 trillion rials ($156 million) should go into the projects,” the official said.

The oil fields in Iran’s West Karun are going to experience an output boost of 230,000 barrels per day by March, Deputy Oil Minister Ali Kardor said November 13.

The fields are being developed with a budget of $6.1 billion, he said.

The West Karun covers the North and South Azadegan, Yadavaran, North and South Yaran, Darkhovein, Azar, and Changuleh oil fields.

Studies have shown that West Karun holds 33 billion barrels of oil.

According to Kardor, by increasing its restoration factor by 1 percent, Iran would be able to add 370 million barrels to its exploitable reserves in West Karun.

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