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Iran to up oil production from joint fields

Oil&Gas Materials 17 September 2011 11:24

Azerbaijan, Baku, Sept. 17 / Trend A.Gurbanova/

Iran will increase oil production from the joint fields in Persian Gulf by 30,000 barrels of oil per day by mid March, Pananews reported referring to Production Manager of the Iranian Offshore Oil Company Mohammad Bagher Soleimani .

"It is expected to receive 30,000 barrels of oil per day from the Hengam , Salaman and Frouzan oil fields by late this year," he said. The Iranian new year begins in March.

He noted that Iran's oil production from joint fields increased by 16 percent this year. The highest oil production levels was recorded in the Kharg region with 27 offshore platforms and 247 wells.

Iran has joint oil and gas fields with Qatar, Iraq, and Persian Gulf countries. Iran's Oil Minister Rostam Ghasemi said the ministry's priority is to increase the oil production from the joint fields.

Iran is in the second in OPEC for highest oil output and it ranks second in the world in terms of natural gas reserves after Russia.

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