Azerbaijan, Baku, Oct.9/ Trend G.Mehdi/
The Iranian Central Oil Fields Company (ICOFC) will draw out $1.2 billion from the energy fund to invest in related oil and gas projects by the end of the current calendar year (March 20, 2013), the ICOFC managing director stated.
Last year, $1 billion was invested in the projects, Mehdi Fakour told IRIB News.
Four Iranian oilfields, namely Cheshmeh Khosh, Sarvestan, Khesht, and Saa'databad, located in central parts of the country are in the final stages of development and will start production by the end of the current (Iranian) year, Fakour said on September 25.
The Shana News Agency quoted him as saying that the Cheshmeh Khosh field's output will be doubled to 180,000 barrels per day, while the Sarvestan and Saa'databad fields will also start issuing 15,000 barrels per day production by September.
The National Iranian Oil Company's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.