Azerbaijan, Baku, Nov.17 /Trend G.Mehdi/
Iran's oil production will reach 5.3 million barrels per day (mbpd) by 2015 from currently 4.3 mbpd, IRNA quoted Iranian Deputy Oil Minister Mohsen Khojastehmehr as saying on Saturday.
He also put the current volume of natural gas and condensate outputs at 670 million cubic meters and 400,000 barrels per day, respectively.
The figures will reach 1.48 billion cubic meters and 1.2 million barrels per day by 2015, he noted.
Meanwhile, Iranian Oil Minister Rostam Qasemi said on Wednesday that the country's crude oil output is projected to rise to 5.2 mbpd by the end of the Fifth Five-Year Development Plan (2015).
On October 14, Iranian Offshore Oil Company's Managing Director Mahmoud Zirakchianzadeh said Iran has prepared oil development plans, with an estimated cost of $14 billion, related to oilfields located in the Persian Gulf.
"During the past two years, as much as $20 billion worth of deals have been signed," he said, "Some $14 billion worth of new deals have been prepared and will be offered to contractors," he added.
The deals are related to Farzad A & B, Soroush, Esfandyar, Tossan, and Alfa fields, Zirakchianzadeh noted.
Iran has attached priority to boosting gas production capacity at its joint oilfields with Qatar and Saudi Arabia.
Iran has the world's fourth-largest reserves of recoverable oil, after Venezuela, Saudi Arabia, and Canada.
With 34 trillion cubic meters of natural gas reserves, Iran has the world's second-largest natural gas reserves after Russia.
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