BAKU, Azerbaijan, Aug. 30
By Elnur Baghishov – Trend:
The National Iranian South Oil Company (NISOC) transported 28 million barrels of synthesized crude oil to Iranian refineries over the past 14 months (from May 21, 2020, through July 22, 2021), Director for the production management department of the NISOC Gholamreza Nourani said, Trend report citing the company’s website.
As of May 21, 2020, the synthesized crude oil is transported to refineries for efficient use of gas condensate extracted from the South Pars gas field, according to Nourani.
The director added that the NISOC transported more than 20 million barrels of oil to the Abadan and Esfahan oil refineries, and the rest to the Petro Omid Asian Company and Khark oil facilities.
As reported, 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.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’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.
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