Iran’s income from joint oilfields with Iraq significant – official
By Trend
Iran’s annual income from its joint fields with Iraq on West of
Karoun River stands at $5 billion, said Ali Kardor, managing
director of the National Iranian Oil Company (NIOC), according to
the website of the Iranian Oil Ministry June 10.
"In the past 2 years, the output of joint oil fields (with Iraq) on
West of Karoun River has brought in $5 billion annually for the
country," Kardor noted.
Iran’s oil production in West Karoun’s oil field in the south was
60,000 barrels per day (bpd) in the early days of President Hassan
Rouhani’s administration (summer of 2013), he said.
But that amount has now risen to 300,000 bpd after nearly four
years, Kardor added.
Iran shares a spate of oil and gas reservoirs with neighboring
countries, including several oil deposits with Iraq that shares
over 1,400 kilometers of border with Iran to the west.
The oil fields in West Karoun are Yadavaran, North Azadegan, South
Azadegan, North Yaran, and South Yaran. The biggest 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.
---
Follow us on Twitter @AzerNewsAz