South Azadehgan oilfield development is expected to improve
Development of the South Azadehgan oilfield was unbalanced while conditions of oil wells are not proper, said the spokesman of the Parliament's Energy Commission.
"The process of developing South Azadehgan oilfield was unstable, despite the installation of more than 200 oil wells that were valued at $8 million. Furthermore, the central facilities were not launched on time," said Malek Shariati, Trend reports citing Fars News Agency.
"The conditions of oil wells in Azar and Changuleh oilfields are unsuitable for production and currently it's not possible to extract 65,000 barrels of crude oil that were previously estimated," he said during parliament's Tuesday session.
"The lack of proper gas storage and market stabilization have effected Iran's gas exports to neighboring countries. The country did not have a good turnover in its various contracts with Turkey, Pakistan, and Turkmenistan," he noted.
"For example in regards to gas dispute with Turkmenistan, the International Court of Arbitration (ICA) verdict convicted Iran for not paying for gas supply from Turkmenistan and now Iran should pay almost $2 billion to Ashgabat to settle its debt as well as pay 75 percent of legal expense," he added.
"The plans to reduce gas consumption were not taken seriously either," he added.