Iran increases oil output from its filed in Persian Gulf

Business Materials 18 July 2016 19:43 (UTC +04:00)

Baku, Azerbaijan, July 18
By Khalid Kazimov – Trend:

Iran’s oil output from its fields in the Persian Gulf has increased, an oil official said. Saeid Hafezi, the managing director of the Iranian Offshore Oil Company (IOOC), has said that the output of Abouzar field has increased by 12,000 barrels per day, ISNA news agency reported.
According to the official the increase in the output took place after re-launching a platform namely AA at Abouzar oil field.

Abouzar oil field is located 76 kilometers, southwest of Kharg Island with an estimated daily production of 140,000 barrels of oil from near 90 wells.

Its crude is transferred to Kharg Island Oil Terminal through a 24-inch pipeline. Earlier, Iranian oil officials announced that the country is planning to produce four million barrels of oil per day as of late August.

In a monthly report published on July 12, OPEC announced that Iran’s crude oil production reached 3.644 million barrels per day in June, about 77,800 barrels per day more than in May.