Iran, Iraq continue talks over joint oilfields

Baku, Azerbaijan, Feb. 7

By Rahim Zamanov - Trend:

Iran and Iraq joint committee has achieved considerable progress in negotiations over the development projects of the two countries' joint oilfields, Iraq's Oil ministry spokesman Assem Jihad told Iranian Fars News Agency on Feb. 7.

He went on to note that Iraq imports gas from Iran to meet its domestic demands, and to feed its power plants.

"Tehran and Baghdad have good relations in the oil and gas sector," Jihad explained.

Iran has 15 joint oilfields with its Arab neighbors. The joint oilfields' production accounts for less than ten percent of Iran's current total oil output.

The development process of Iran's three joint oilfields with Saudi Arabia including Arash, Esfandiar, and Farzad is currently slow, the Managing Director of National Iranian Oil Company Roknoddin Javadi said, adding that Iran currently produces 252,000 barrels of oil at its joint oilfields with neighboring counties.

Javadi told the Iranian Mehr News Agency on Jan. 24 that the country also produces 283 million cubic meters of gross gas at its joint [South Pars] gas field.

Iran produces some 283 million cubic meters of gross gas per day at ten phases of the gas field. Some 200 million cubic meters of the mentioned amount is being transferred to the national gas network, while the rest is being injected to the oil wells or being fed to the petrochemical complexes.

According to BP's reports, Qatar produces some 460 million cubic meters of gas per day mostly from South Pars (North Dome) gas field. Doha converts 80 per cent of the mentioned amount to LNG and exports it.Qatar also extracts some 450,000 barrels of oil from the field's oil layer, while Iran still fails to tap the oil layer.

However, the situation at the joint oilfields is even much worse than the situation in South Pars. MajlisResearch Center reported in January 2013 that the total extraction volume of Iran's neighbors from the joint oil and gas fields is nine times more than Tehran's share.

Dehloran, West Paydar, Naft Shahr, Azadegan, Yadavaran, and Azar are the joint oilfields between Iranand Iraq. Iran daily produces 130,000 barrels of oil at the mentioned fields, while Iraq produces some 295,000 barrels.

Iran shares Forouzan, Farzad B, and Esfandiar with Saudi Arabia. Iran daily produces 42,000 barrels of oil at the fields, and Saudi Arabia produces some 450,000 barrels.

Iran and the United Arab Emirates also share Salman, Nosrat, and Farzam oilfields, along with two other little fields named Salam and Sater. The UAE produces some 136,000 barrels of oil at the mentioned fields, while Iran produces 56,000 barrels at the same fields.

Iran also shares two gas fields with Kuwait and Oman. Iran's output at the joint Hengam oilfield currently stands at 20,000 barrels, which is approximately two times more than Oman's share.

Edited by C.N.

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