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Iran to tap four oilfields by March 2013

Iran Materials 25 September 2012 18:07 (UTC +04:00)

Azerbaijan, Baku, Sep.25/ Trend F.Milad/

Four Iranian oilfields are in the final stages of development and will start production by the end of the current Iranian year (March 20, 2013), the managing director of the National Iranian Central Oil Company said.

The Shana News Agency quoted Mehdi Fakour as saying that Cheshmeh Khosh field's output will double to 180,000 barrels per day. Sarvestan and Saa'databad will start 15,000 barrel per day production by September, he noted.

To date, 10 wells have been drilled at the oilfields and two other will soon become ready for being injected with natural gas, he noted.

The NIOC's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to 5 million barrels and 1.47 billion cubic meters by 2015.

Meanwhile, Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider plans for the development of joint oilfields.

The government should increase the budgets for joint oilfield development, Qasemi added.

"The oil industry's infrastructure needs more than 500 trillion rials (about $41 billion) of investment to achieve objectives of the 20-Year Outlook Plan," he was quoted as saying."

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