Iran to increase oil output by 280,000 barrels per day by November
Tehran, Iran, June 18
By Mehdi Sepahvand – Trend:
Iran is going to increase its oil output by 280,000 barrels per day by November, according to Deputy Oil Minister Roknoddin Javadi.
North Yaran with a daily output of 30,000 barrels will be complete by then, he told the IRIB news agency June 18.
Not only that, but the first phase of South Azadegan will also be complete with an output of 80,000 barrels per day, the official noted.
Also, by March there will be an increase of 140 million cubic meters of gas per day to be drawn from South Pars, he said.
By then, we have to complete the construction of phases 17, 18, 19, 20, and 21, he said, adding that phases 22, 23, and 24 will be complete by about one year from now, Javadi stated.
Iran’s oil export stood at 1 mbpd when the country was under sanctions. The sanctions were lifted in January. By April, Iran reclaimed its pre-sanctions 2.3 mbpd export.
The country says it has suffered unfair treatment under the sanctions and is now entitled to making up for the loss.