BAKU, Azerbaijan, May 1. Iran's Gachsaran oil and gas production company currently produces 630,000 barrels of crude oil per day, the executive director of Iran's Gahsaran Oil and Gas Production Company, Gholam Reza Kamali said, Trend reports.
According to him, the company's crude oil production has increased by 80,000 barrels per day compared to last year.
Kamali noted that 20 percent of the country's crude oil is produced by the company. The company supplies crude oil to many refineries.
He added that the company's fields are located in four provinces of the country. Several projects are underway to increase crude oil production.
To note, the Gachsaran Oil and Gas Production Company of Iran is subordinate to the National Company of Southern Petroleum Zones. Gachsaran Oil and Gas Production Company operates in the fields of crude oil production, refining, transportation, natural gas, and gas condensate production. This company has the potential to produce 652,000 barrels of crude oil per day. The company's fields produce 950 million cubic feet (about 26.9 million cubic meters) of gas daily. 800 million cubic feet (about 22.6 million cubic meters) of produced gas is injected into the Bid-Boland Gas Processing Company plant, and 150 million cubic feet (about 4.24 million cubic meters) of gas is injected into oil wells.
Meanwhile, Iran's crude oil production rose to 3,508,000 bpd at the end of the last Iranian year (from March 21, 2023, through March 19, 2024).
Stay up-to-date with more news on Trend News Agency's WhatsApp channel