Iran to raise crude output by 45,000 bpd
Azerbaijan, Baku, Nov.26 / Trend F. Milad/
Iran plans to launch production at three oilfields by the end of the current Iranian calendar year (March 20, 2012) to boost the country's oil production capacity by 45,000 barrels per day (bpd), the Managing Director of the National Iranian Central Oilfield Company stated.
Mehdi Fakour added that Khest, Savestan and Sa'adat-Abad oilfields will start producing early oil by the end of next year, news agency Pana reported, adding that development plans will increase the three fields' total output to 60,000 bpd in future.
"By the end of the fifth development plan (2015), the country's oil production must increase to 5.2 million barrels per day and this should happen from the country's joint fields," the ISNA news agency quoted Oil Minister Rostam Qasemi as saying.
Officials put Iran's current output at between 3.6 million and 4 million bpd. Hormoz Qalavand, head of the National Iranian Southern Oil Company, told the Fars news agency recently that Iran's oil production is 3.92 million bpd.