Iran to up oil output by 175,000 bpd
Iran's oil production will be increased by 175,000 barrels per day (bpd) by August next year, the Mehr News Agency cited a report by the National Iranian Oil Company.
Eleven development plans will be inaugurated by the mentioned date, according to the report. The plans are related to the first phase of developing Yadavaran, Sarvestan, Saadat Abad, Hengam, Forouzan, Reshadat, Aban, and Paydar oil fields.
Once all phases of the development plans are implemented, the output will be increased by 500,000 bpd.
Oil Minister Rostam Qasemi has said that production at two joint oil fields will be started within the next two months.
The ISNA News Agency quoted him as saying that all the joint oil and gas fields are already in operation except for the two fields.
He did not name the two fields, but said that they are projected to produce one million barrels of oil.
Iran is boosting its oil output by launching production operations in new oil fields and recovering production in other fields, according to officials.
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