Baku, Azerbaijan, June 8
By Emil Ilgar - Trend:
Iran has increased oil production at two fields, while it is planning to add further barrels to the output from these fields soon.
The country increased oil production at West Paydar by 5,000 barrels per day (b/d) to 30,000 b/d in current fiscal year (started March 21), while South Azadegan oil field's output rose by 7,500 b/d to 50,000 b/d, SHANA reported June 8.
The report says that Iran is planning to increase oil output from West Paydar to 32,000 b/d by March 2017, while the South Azadegan's production would increase by 60,000 b/d by the end of the summer.
South Azadegan's output is expected to reach 320,000 b/d after the first phase becomes fully operational in 2017, and then increase it to 600,000 b/d after commencing the second phase in the coming years.
According to an Oil Ministry document seen by Trend, the South Azadegan project was developed by 17.6 percent by January 2016.