BAKU, Azerbaijan, September 23. Iran's Gachsaran Oil and Gas Production Company produced 582,000 barrels of crude oil from MOT and Mos equipment during six months of the current Iranian year (from March 20 through September 21, 2024), executive director of Iran's Gahsaran Oil and Gas Production Company, Gholam Reza Kamali told reporters, Trend reports.
He said producing crude oil in the given quantities has
protected the environment and made subsoil extraction safer.
Kamali said the business renovated 57 tanks and restored equipment
over six months.
A company official said specialists are growing oil and gas output
in Gachsaran Oil and Gas output Company's region.
To note, Iran's Gachhsaran Oil and Gas Production Company is subordinate to the National Company of Southern Oil Zones. Gachhsaran Oil and Gas Production Company is engaged in the production, refining, and transportation of crude oil, the production of natural gas, and gas condensate. This company has the potential to produce 652,000 barrels of crude oil daily. A total of 950 million cubic feet (approximately 26.9 million cubic meters) of gas is produced daily from the company's fields. As much as 800 million cubic feet (about 22.6 million cubic meters) of produced gas is injected into the company's Bid-Boland gas processing plant, and 150 million cubic feet (about 4.24 million cubic meters) of gas is pumped into oil wells.
To note, the US imposed new sanctions on Iran in November 2018 in connection with Iran's nuclear program. Over 700 banks, companies and individuals exporting Iranian oil have fallen under sanctions over the past period. The sanctions led to the freezing of Iran's assets in foreign countries.