BAKU, Azerbaijan, February 26. Iran's daily crude oil production in the western Karun River and Ilam province has risen by over 75,000 barrels since the current government came to power (the current government has been in power since August 2024), Nasrollah Zarei, CEO of the Petroleum Engineering and Development Company (PEDC), told reporters, Trend reports.
Zarei explained that during this period, the implementation of development projects in the Cheshmeh Khosh, Dalpari, and East Paydar fields contributed to an increase of 30,000 barrels per day, while the South Azadegan field saw a rise of 20,700 barrels per day.
Additionally, the development of the Sepehr and Jofair oil fields led to an increase of 15,000 barrels per day.
He also mentioned that the development projects at the Yaran oil field and the Yadavaran field resulted in increases of 6,650 and 3,000 barrels per day during the reporting period, respectively.
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 amount to 1.2 trillion barrels. With existing technology and equipment, Iran can extract 340 billion barrels, but it is only utilizing about 30 percent of its reserves, with 70 percent remaining untapped underground.
---
Follow the author on X: @BaghishovElnur