BAKU, Azerbaijan, August 13. Iran's daily crude oil production will increase to 3.3 million barrels by the end of the 5th month of the current Iranian year (August 22, 2023), Iranian Oil Minister Javad Owji said, Trend reports.
The minister also added that currently, Iran's crude oil production is 3.19 million barrels per day.
Owji noted that along with the increase in the country's crude oil production, oil exports are also increasing.
Iranian side currently reports that its crude oil exports are 1.4 million barrels per day.
Speaking about Iran's gas condensate production, the minister said that currently Iran's gas condensate production is around 700,000-800,000 barrels per day.
There are currently 74 active oil and 22 active gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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