BAKU, Azerbaijan, Mar. 17
By Elnur Baghishov – Trend:
The National Iranian South Oil Company (NISOC) has launched a plan to increase the export potential of crude oil transported from the Omidiyeh pumping station in the Omidiyeh County of Khuzestan Province (southwestern Iran), the head of the Engineering and Construction department of the company Ebrahim Piramun said, Trend reports citing the company’s website.
Piramun stressed that upon completion of this plan, 500,000 barrels of crude oil daily will be transported for export through the Omidiyeh pumping station.
The official added that in the first stage, a 42-inch pipeline for heavy crude oil and a 24-inch pipeline for light crude oil will be laid and a number of equipment will be installed.
“A pump will be replaced in Omidiyeh pumping station No. 2, an electric motor and other equipment in pumping station No. 5,” he said.
Reportedly, light and heavy crude oil extracted by Marun, Karun, Aghajari oil and gas companies are transported for refining and export through Omidiyeh pumping station.
The National Iranian South Oil Company, a subordinate of National Iranian Oil Company, operates 45 large and small hydrocarbon deposits in an area of 400,000 square kilometers from Iran's Bushehr Province to the north of Khuzestan Province. The company extracts about 80 percent of Iran's crude oil and 16 percent of gas. The company reportedly extracts about 3 million barrels of oil per day.
Iran has 125 oil fields and 59 gas fields. The country's total hydrocarbon reserves are estimated at 836 billion barrels. With available technology and equipment, Iran can extract 239 billion barrels. Thus, 29 percent of the country's hydrocarbon reserves are recoverable, while 71 percent remain underground.