BAKU, Azerbaijan, February 11. Iran's daily crude oil production has increased by 75,000 barrels per day over the past 175 days.
The data obtained by Trend from the National Iranian Oil Company (NIOC) indicates that Iran's gas production has reached a record high of 1.1 bcm per day during the mentioned period.
The information noted that production from the South Pars gas field (North Dome in Qatar), the joint gas field of Iran with Qatar, has risen to 714 million cubic meters per day.
NIOC also notes that contracts worth $17 billion will soon be inked to increase pressure at the South Pars gas field and address the country's gas shortage.
The company also highlighted that the second phase of the Ahvaz desalination plant has been launched, which will allow the processing of 110,000 barrels of crude oil daily.
Moreover, the development of three oil fields (Sumar, Saman, and Delavaran) has officially begun, with a plan to increase production by 10,000 barrels per day. This is expected to support the supply of crude oil (light crude) to the Kermanshah Oil Refinery.
To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels with existing technological equipment. Iran can use about 30 percent, and 70 percent remains unutilized underground.