Iran stabilizes its oil production

Oil&Gas Materials 24 August 2020 14:06 (UTC +04:00)
Iran stabilizes its oil production

BAKU, Azerbaijan, August 24

By Elnur Baghishov – Trend:

The supply of electricity guarantees sustainable production from Iran-Iraq joint oil fields in the west of the Karun River, Executive Director of Iran’s Petroleum Engineering and Development Company (PEDEC) Touraj Dehghani said, Trend reports citing the Shana news agency.

He made the remark at the event dedicated to the commissioning of a thermal power plant in the west of Karun River in Khuzestan Province (southwestern Iran).

Dehghani noted that the west of the Karun River is very important for Iran's oil supply and accounts for a large share.

According to the report, a thermal power plant built by Iran's MAPNA Group has been commissioned today on 24 August, in the west of the Karun River in connection with the operation of Iran-Iraq joint oil fields.

The director added that this thermal power plant has 3 units of 165 megawatts. Two gas units have been commissioned today and the construction work is underway in the steam unit.

Dehghani emphasized that Iran's MAPNA Group invested 320 million euros in the construction of the thermal power plant.

"In addition, the National Iranian Oil Company has spent 110 million euros to transport electricity to various oil fields," he said.

The plan to build a power plant in west of the Karun River was put forward by the National Iranian Oil Company. The purpose is to supply electricity to Iran-Iraq joint oil fields (Azadegan, Yaran and Yadavaran) in west of the Karun River and to the NGL-3200 gas and liquefied gas plant. The National Iranian Oil Company will buy each kilowatt of electricity for 2.25 euros from MAPNA Group.