BAKU, Azerbaijan, April 9. Operations aimed at increasing Iran's crude oil and gas production in the second half of the last Iranian year (from September 22, 2024 through March 20, 2025) are continuing, Iran's Deputy Oil Minister, CEO of the National Iranian Oil Company (NIOC) Hamid Bovard told reporters, Trend reports.
According to him, the efforts led to a seven percent and 1.11 bcm per day increase in the country's oil and gas production during the reporting period, respectively.
Bovard mentioned that after many years, production has begun from Iran's Khesht oil field, production from the Tus gas field has been increased, and the Varavi pressure boosting facility and the Ahvaz desalination unit have been put into operation.
The OPEC report shows that Iran's crude oil production in February 2025 amounted to 3.3 million barrels per day, marking a 34-percent rise compared to the previous month.
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 of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
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