BAKU, Azerbaijan, January 13. Iran’s oil and gas sector will receive around $275 billion in investment by March 19, 2041, said Ahmad Rajabi, an official of the National Iranian Oil Company (NIOC), Trend reports.
Rajabi noted that out of this amount, $150 million will go to the oil sector, which will boost Iran’s crude oil production to 5.5 million barrels per day and keep it steady until then.
The official added that the gas sector will get about $125 billion in investment, which will raise Iran’s gas production to 1.5 billion cubic meters per day by 2041 and sustain it at that level.
He also stated that when Iran's current government took office (August 2021), Iran's crude oil output was about 2.1 million barrels per day. Now, Iran’s crude oil production has reached 3.4 million barrels per day.
Meanwhile, Iran's gas production is around 1 billion cubic meters 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 of the Iranian Central Oil Fields Company (ICOFC), 5 fields of the Arvandan Oil and Gas Company (AOGC), and 18 fields of the Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields are operated by the ICOFC, 1 field is operated by Pars Oil and Gas Company (POGC), and 3 gas fields are operated by the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With the 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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