BAKU, Azerbaijan, Feb. 12
By Elnur Baghishov – Trend:
Iran will launch the new Bushehr Oil Refinery in the Bushehr Province (southern Iran) next Iranian year (March 21, 2022, through March 20, 2023), Iranian Oil Minister Javad Owji said, Trend reports citing Mehr News Agency.
According to Owji, the crude oil refining capacity of the refinery will be 68,000 barrels per day.
“Meanwhile, one month ago, a refinery with a daily refining capacity of 35,000 barrels was put into operation in Iran,” he added.
The minister noted that the refining capacity of Iran's refineries will reach 1.46 million barrels daily over the next four years.
Owji also pointed out that in the coming months, Iran plans to increase crude oil and gas production. Also, there are plans to build new refineries in order to reduce the sale of oil in crude form and produce and sell a variety of products.
“The processing of petrochemical products from crude oil, the implementation of plans at refineries in accordance with international standards and improvement of quality at refineries, the standardization of petrochemical products are among the main programs of the Iranian Oil Ministry in the coming months and years,” he said.
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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