Iran’s rev­enues from joint oil­fields with Iraq sig­nif­i­cant

Iran Daily - - Domestic Economy -

Iran’s an­nual in­come from the joint fields with Iraq on the west of Karoun River stands at $5 bil­lion, said the man­ag­ing di­rec­tor of Na­tional Ira­nian Oil Com­pany (NIOC).

Ac­cord­ing to Shana, Ali Kar­dor fur­ther said, “In the past two years, the out­put of the joint oil­fields (with Iraq) on the west of Karoun River has brought in $5 bil­lion an­nu­ally for the coun­try’s cof­fers.”

Iran’s oil pro­duc­tion in West Karoun oil­field in the south of the coun­try was 60,000 bar­rels per day (bpd) in the early days of Has­san Rouhani’s pres­i­dency (sum­mer of 2013), he said.

How­ever, that amount has now in­creased to 300,000 bpd af­ter nearly four years, Kar­dor added.

Iran has a spate of joint oil and gas re­serves with neigh­bor­ing coun­tries, in­clud­ing sev­eral oil de­posits with Iraq that shares over 1,400 kilo­me­ters of bor­der with Iran to the west.

Oil­fields in West Karoun are Ya­davaran, North Azade­gan, South Azade­gan, North Yaran, and South Yaran. The largest among all are South Azade­gan and Ya­davaran which are shared with Iraq’s Ma­jnoon and Sin­bad fields, re­spec­tively.

Azade­gan is located in the West Karoun oil block that holds around 67 bil­lion bar­rels of crude.


Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.