Iran to buy oil pollution control equipment

Business Materials 26 January 2020 15:22 (UTC +04:00)

BAKU, Azerbaijan, Jan. 26

By Elnur Baghishov - Trend:

The allocation of funds for the purchase of marine oil pollution control equipment has been approved by the board of the National Iranian Oil Company, director of the health and safety department of the company Mani Abdullazadeh Rad said.

“Any activities that result in the contamination of water basins in connection with using Iran-Iraq joint fields and oil pipelines stretching through oil fields in the West Karoon basin are prohibited,” the director of the department added, Trend reports referring to the company’s website.

“Therefore, it is necessary to buy equipment to prevent contamination as a result of any oil-related activity and to minimize its negative consequences,” Rad said.

"Arvandan Oil and Gas Company may purchase the equipment by using foreign currency to prevent the spread of oil pollutants in rivers and water bodies within the territory where the company is situated," the director of the department said.

Currently, Arvandan Oil and Gas Company, which is subordinated to the National Iranian Oil Company, produces 227,000 barrels of oil per day. The company is expected to produce 1 million barrels of oil per day by 2026.

In general, Iran has 125 oil fields and 59 gas fields. Iran's total hydrocarbon reserves reach 836 billion barrels. By using technological equipment, it may produce 239 billion barrels. Iran may use 29 percent while 71 percent remain underground.