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Iran Islamic Republic of : Iran is heartened as crude production boosts.

Increasing its crude oil production capacity mainly from Western Karoun joint oilfields, Iran has been heartened and reassured as far as the countrys status in OPEC is concerned.

Talking in the verge of the official opening of the three development plans of North Azadegan, Yadavaran and Yaran, Gholam-Reza Manouchehri the deputy head of National Iranian Oil Company (NIOC) for engineering and development affairs called the increase heartening for the country as in OPEC.

The official pointed out the current crude oil production rate of North Azadegan is 75000 barrels per day and he added Yadavaran is producing 115000 bpd and its production capacity has estimated 135000 bpd.

Mentioning that the development plans of the two fields of North Azadegan and Yadavaran has been awarded to Chinas CNPCI and Sinopec, Manouchehri stated that North Yaran field has been operational by Persia Oil and Gas company which is itself a subsidiary of Farmaneh-Imam Setad and has had a successful performance in this field so far.

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Publication:Mena Report
Geographic Code:7IRAN
Date:Nov 15, 2016
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