BAKU, Azerbaijan, March 16. In the latter half of the current Iranian year (September 23, 2023 - March 19, 2024), production at the Khangiran gas field in Razavi Khorasani province, situated in northeastern Iran, surged by 25 million cubic meters per day, said Mehdi Heydari, Executive Director of Iran's Central Oil Zones Company, Trend reports.
Heydari revealed that the daily gas output from the Khangiran gas field has escalated to 70 million cubic meters, up from the previous 45 million cubic meters per day, with the commencement of production from two new wells.
Highlighting the company's strategic vision, Heydari stated that the Central Oil Zones Company aims to exploit new fields in the northeast region of Iran, alongside a substantial investment plan totaling $3.6 billion for the development of 15 gas fields. Anticipating investor interest, the company underscores the potential for gas field development.
The Khangiran gas field, discovered in 1969 near the city of Sarakhs, initiated mining operations in 1984.
With jurisdiction over 84 oil and gas fields across 11 Iranian provinces, the Central Oil Zones Company has thus far developed 13 gas fields and 13 oil fields. The company's maximum production capacity stands at approximately 250,000 barrels of crude oil and 250 million cubic meters of gas per day.
