Tehran, Baghdad to form special joint committee to discuss joint oilfield issues

Baku, Azerbaijan, Feb. 19
By Rahim Zamanov - Trend:

Iranian Ambassador to Iraq Hassan Danayifar said on Feb. 19 that the two countries plan to form a special joint committee to discuss issues relating to their joint oilfields, Iran's Fars New Agency quote Iraqi Aswat al-Iraq as reporting.

"The committee will discuss current problems," Danayifar said, adding that there is a good understanding between the two sides.

"It is natural that disputes occur between two countries with 1400 kilometres of borders," he added.

Iran's IRNA News Agency reported on February 15 that Tehran has so far invested over $4.4 billion in its joint fields with Iraq.

Developing joint oilfields which are located at the western side of the River Karoun is among the Iranian oil ministry's top priorities.

Once all the aforementioned oilfields come on stream, over one million barrels per day would be added to the country's oil production capacity.

Over $20 billion needs to be invested in the development projects of Iran's joint oilfields with Iraq.

Iraq's Oil ministry spokesman Assem Jihad told Iranian Fars News Agency on February 7 that the Iranian and Iraqi joint committee has achieved considerable progress in negotiations over the development projects of the two countries' joint oilfields.

He went on to note that Iraq imports gas from Iran to meet its domestic demands and to feed its power plants.

"Tehran and Baghdad have good relations in the oil and gas sector," Jihad explained.

Iran has 15 joint oilfields with its Arab neighbours. The joint oilfields production accounts for less than 10 per cent of Iran's current total oil output.

The development process of Iran's three joint oilfields with Saudi Arabia including Arash, Esfandiar and Farzad is currently slow, the Managing Director of National Iranian Oil Company Roknoddin Javadi said, adding that Iran currently produces 252,000 barrels of oil at its joint oilfields with neighbouring countries.

Javadi told the Iranian Mehr News Agency on January 24 that the country also produces 283 million cubic meters of gross gas at its joint South Pars gas field.

Iran produces 283 million cubic meters of gross gas per day at 10 phases of the gas field. Some 200 million cubic meters of that amount is being transferred to the national gas network, while the rest is being injected into the oil wells or being fed to the petrochemical complexes.

According to BP's reports, Qatar produces 460 million cubic meters of gas per day mostly from South Pars (North Dome) gas field. Doha converts 80 per cent of the aforementioned amount to LNG and exports it. Qatar also extracts 450,000 barrels of oil from the field's oil layer, while Iran still fails to tap the oil layer.

However, the situation at the joint oilfields is even much worse than the situation at South Pars.

The Majlis Research Centre reported in January 2013 that the total extraction volume of Iran's neighbours from the joint oil and gas fields is nine times more than Tehran's share.

Dehloran, West Paydar, Naft Shahr, Azadegan, Yadavaran, and Azar are the joint oilfields between Iran and Iraq. Iran produces 130,000 barrels of oil daily at those fields, while Iraq produces 295,000 barrels.

Iran shares Forouzan, Farzad B, and Esfandiar with Saudi Arabia. Iran produces 42,000 barrels of oil at the fields each day and Saudi Arabia produces 450,000 barrels.

Iran and the United Arab Emirates also share the Salman, Nosrat, and Farzam oilfields, along with two other little fields named Salam and Sater. The UAE produces 136,000 barrels of oil at the fields, while Iran produces 56,000 barrels at the same fields.

Iran also shares two gas fields with Kuwait and Oman. Iran's output at the joint Hengam oilfield currently stands at 20,000 barrels, which is approximately twice that of Oman's share.

Subscribe to Trend in Google News! Subscribe
Russia registers an all-time high of 37,678 coronavirus cases in past day
Russia registers an all-time high of 37,678 coronavirus cases in past day
Kazakhstan unveils trade indicators with its TOP-3 EU partners
Kazakhstan unveils trade indicators with its TOP-3 EU partners
Russian Health Ministry greenlights joint COVID-19 and flu vaccination
Russian Health Ministry greenlights joint COVID-19 and flu vaccination
Loading Bars
Russia registers an all-time high of 37,678 coronavirus cases in past day
Uzbekistan eyes foreign technology for better local polymer production
Turkmen delegation to pay working visit to Iran
Azerbaijan records growth in loan portfolio of local banks in 9M2021
Turkmenistan’s Turkmenbashi refinery eyes producing hydrogen
Azerbaijan, Singapore to co-op in construction of geostationary satellites
IRICA shares data on Iran's trade turnover with SCO member states
Iran sees increase in exports of non-oil products from Hormozgan Province
Weekly review of Azerbaijani precious metals market
Kazakhstan unveils trade indicators with its TOP-3 EU partners
Turkmenistan approves new procedure for allocating investments from Stabilization Fund
Azerbaijani MoD observes exercises in liberated Lachin district (VIDEO)
Russian Health Ministry greenlights joint COVID-19 and flu vaccination
Central Bank discloses volume of loans issued to Azerbaijan's districts
Georgia records surge in tourist visits from Uzbekistan
Tourist inflow from Kazakhstan to Georgia soars
Iran boosts exports through customs of Zanjan Province
Azerbaijan notes decrease in banking sector' profit
Azerbaijan sees rise in mortgage lending
Iranian currency rates for October 23
Weekly review of Azerbaijani currency market
Georgia releases data on COVID-19 cases for October 23
New customs post in Azerbaijan to speed up cargo movement along North-South corridor (PHOTO)
Azerbaijan, Armenia to sign new documents in Moscow
Azerbaijani oil prices increase
Georgia sees decrease in tourist inflow from Azerbaijan
Turkmen company to purchase material, technical resources via tender
Kazakh energy company opens tender to buy metal corners
Kazakh oil company opens tender to buy spares
Kazakh KazMunayTeniz opens tender for Caterpillar equipment maintenance
Azerbaijan's Central Bank unveils data on currency exchange operations for Jan. through Sept. 2021
Azerbaijani fund presents concept for restoration of liberated territories
EDB purchases bonds of Kazakh KEGOC JSC
US corporate workers to start returning to offices next month
Iran changes pricing of petrochemical products at its mercantile exchange
Iran's foreign exchange needs trigger to expand exports
Surge of energy prices puts Europeans in stalemate (VIDEO)
Chinese company opens massive eco-friendly mine in Serbia
Kazakhstan’s daily COVID-19 case count stands at 1,732
Georgian honey exports skyrocket, following COVID-ravaged year
Iranian envoy, head of Georgia's State Security Service meet
Turkey announces commissioning date for logistics center in Sivas (Exclusive)
US military eliminates one of Al-Qaeda leaders in northwest Syria
Mutation of Delta variant may be more transmissible: UK health agency
Biden, Macron discuss cooperation, to meet in Rome late October
India, UK working on free trade agreement: Harsh Vardhan Shringla at India Global Forum
Turkey reports 28,192 daily COVID-19 cases
G7 countries reach breakthrough on digital trade and data
India perhaps only G20 country to fulfil...: India ahead of COP26 climate summit
U.N. plane aborts landing as air strike hits Ethiopia's Tigray
Relations with India stronger than ever, says Maldives Defence Minister
Chronicles of Victory: October 23, 2020
Iranian delegation leaves for Tashkent to observe elections
UK PM Johnson says fresh COVID lockdown not on the cards
2 soldiers, terrorist killed in northwestern Pakistan's clash
Pfizer/BioNTech COVID-19 vaccine shows 90.7% efficacy in trial in children
Belarus, Kazakhstan discuss joint efforts to maintain regional security
Georgia, Turkey to set up joint air force plant
TURKIC.World project presented at media forum of Turkic Council (PHOTO)
Iran boosts transit via TRACECA corridor
French court annuls "treaty" with illegal Armenian regime in Azerbaijan's Karabakh
Azerbaijan's MoD inspects combat positions in liberated Kalbajar, Lachin districts (PHOTO)
Uzbekistan Airways opens tender related to local fire alarm system
Iran looks to enhance road development in Ardabil province
Main countries of origin for tourists arriving in Georgia
Spanish Gedepsa interested in growing olive plantations in Uzbekistan
Azerbaijan reveals number of mines, munitions found on its liberated lands (PHOTO)
Overview of Uzbekistan's retail trade turnover dynamics between 2010-2020
When Karabakh road infrastructure to be fully ready?
Armenians propagate Nazi Nzhdeh and accuse Azerbaijan of racism (VIDEO)
Relations With India Stronger Than Ever, Says Maldives Defence Minister
Bennett-Putin meeting lasted five hours, was warm and positive
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,112 more COVID-19 cases, 882 recoveries
Australia says EU has postponed free trade talks for second time
Azerbaijan’s volume of non-cash payments continues to grow
Delta Galil files for Nasdaq offering
Azerbaijan's investment attractiveness increased after liberation of its lands - minister (PHOTO)
Turkmenistan reduces wheat imports from EAEU states
Azerbaijan’s wheat imports from EAEU countries revealed
Belarusian company to supply Azerbaijan with cables
Azerbaijan sees growth in its population's bank deposits
Azerbaijan commissions recently built military facilities in its liberated lands (PHOTO/VIDEO)
Non-tourist trips to Georgia plummet
Kazakh Tengizсhevroil to reduce LPG supplies to Ukraine after polypropylene plant's launch
Iran to use domestic capacity for road fleet modernization
Azercell once again bestowed with ISO 37001:2016 Anti-bribery Management Systems standard of compliance
Azerbaijan reveals data on mine clearance work carried out in liberated lands
Azerbaijan’s cargo transportation by all types of transport decreases in 9M2021
Ukrainian companies interested in entering Turkmen market
EBRD, EU to provide loans for indirect financing of green technologies in Georgia
SOCAR-AQS exceeds drilling progress plan
President Ilham Aliyev sends congratulatory letter to Hungarian counterpart
Azerbaijan to expand co-op with Turkey in mine clearance – ANAMA
Uzbekistan signs agreement to put out former uranium mining sites
Iran eyes developing non-oil exports
India hopes to work with China for resolution of issues: Shringla
Azerbaijan’s Bulla Deniz produces over 54,000 tons of oil with technical measures
UK foreign secretary begins India visit today, to hold talks with Jaishankar
Uzbekistan to expand network of local duty-free shops
All news