Azerbaijan , Baku, June 2 /Trend/
Sarvestan and Sadatabad projects have been developed by 62 percent and it is planned to produce 15,000 barrels oil per day from these fields by the end of solar year (end March 20, 2012), SHANA reported quoting Managing Director of Iranian Central Oil Fields Co Mehdi Fakhoor as saying.
"The production of 15,000 barrels of oil per day will feed Shiraz refinery," he said. "The production is expected to increase to 25,000 barrels of oil per day."
Sarvestan oil field is located in 110 kilometer southeast of Shiraz and Sadatabad oil field in 20 kilometer of Sarvestan oil field.
The Sarvestan and Sadatabad oil fields hold 1,402 billion barrel oiland National Iranian Oil Company plans to expand and develop these oilfields.
Iran possesses the world's second-largest gas reserves and third-largest oil reserves.
