BAKU, Azerbaijan, September 24. Oil output at Iran’s Cheshmeh Khosh field in Ilam Province has increased, reaching a daily production of 114,000 barrels, said Nasrollah Zarei, Managing Director of Iran's Petroleum Engineering and Development Company (PEDEC), Trend reports.
Speaking at an event marking the launch of a mobile desalination facility at the field, Zarei noted that the absence of such a facility had previously limited production growth.
He articulated that the sector's developmental accord with a Russian entity, executed in 2020 with a valuation approximating $3.1 billion, has already witnessed an infusion of $550 million, facilitating a consistent uptick in daily output from 100,000 barrels.
"According to the program, daily output from the Cheshmeh Khosh field is expected to reach 120,000 barrels by the end of this year, with further increases planned next year," Zarei said.
He emphasized that despite sanctions and international pressures, Iran’s oil sector continues to develop, though restrictions have increased costs and extended project timelines.
The Cheshmeh Khosh oil field was discovered in 1964, with crude production beginning in 1975. It is estimated to hold around 2.24 billion barrels of crude oil.
----
Follow the author on X: @BaghishovElnur
