Iran exports 4 shipments from South Pars oil layer since March

Business Materials 19 August 2017 17:02 (UTC +04:00)

Tehran, Iran, August 19

By Mehdi Sepahvand –- Trend:

Iran has exported four shipments of crude oil from the oil layer of South Pars since the country started tapping the layer in March.

Since March 19 when Iran started tapping the layer, it has exported 2 million barrels of oil from it to East Asian market, SHANA news agency reported August 19.

The in situ oil of this layer is estimated at above 6 billion barrels, 10 percent of which is extractable regardless of new recovery methods.

The layer is planned by the Iranian Oil Ministry to be offered for investment. The Danish Maersk is deemed to have a high chance for winning its development opportunity.