BAKU, Azerbaijan, Jan. 11
By Elnur Baghishov – Trend:
Iran’s crude oil and gas condensate extraction is expected to increase by 144,000 barrels daily, by allocating funds from the state budget in the next Iranian year (March 21, 2022 through March 20, 2023), Trend reports citing Iranian Plan and Budget Organization’s information portal.
As of now, Iran's extraction capacity stands at 3,808,000 barrels a day. If Iran reaches the mentioned extraction level, it's capacity extraction will increase by about 3.78 percent.
Implementation of plans to optimize energy consumption will allow to save 1.21 billion liters of energy carriers next Iranian year. Meanwhile, in the current Iranian year (March 21, 2021 through March 20, 2022), the figure is estimated to be 808 million liters.
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 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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