BAKU, Azerbaijan, Oct. 26
By Elnur Baghishov - Trend:
Iran’s Arvandan Oil and Gas Company is expected to increase oil production by 50,000 barrels daily by the end of this Iranian year (March 21, 2020), the company’s Managing Director Jahangir Pourhang said, Trend reports Oct. 26 referring to the National Iranian Oil Company’s website.
Pourhang said that this will be achieved at the first stage through implementing development programs at the Azadegan oil field.
The managing director added that Iran’s Petroleum Engineering and Development Company is implementing development programs at the Azadegan oil field.
Iran’s Arvandan Oil and Gas Company is expected to bring oil production to 500,000 barrels a day by the end of this Iranian year (March 21, 2020) and to 1 million barrels six years later (by March 21, 2026).