Iran increases gas injection to oil wells by 95 percent

Oil&Gas Materials 19 October 2011 16:01 (UTC +04:00)

Azerbaijan, Baku, Oct. 19 / Trend D.Khatinoglu/

Iran has increased gas injection to oil wells by 95 percent during the first half the current solar year (started on March 21) compared to the same period of the last year, Pananews reported quoting deputy oil minister Javad Oji as saying.

During the first half of the current solar year, 110 million cubic meters of natural and soar gas (including 12 mcm of natural gas) was injected to oil fields in a day.

About 80 percent of Iran's oil reserves are in their second half-life and for maintaining the oil production level, it needs to inject at least 150 million cubic meters of gas per day to oil wells.

According to OPEC's annual report, Iran's oil production has decreased from 4.1 million barrels to 3.54 million barrels per day since 2006.