BAKU, Azerbaijan, May 29. The focus is on increasing production from oil fields in the western part of the Karun river in Iran to one million barrels per day, the country's Deputy Oil Minister, CEO of the National Iranian Oil Company Hamid Bovard said at a meeting held at the Arvandan Oil and Gas Company (AOGC), Trend reports.
According to him, AOGC continues to work on increasing production from the fields in the western part of the Karun River.
Bovard mentioned that the oil fields in the western part of the Karun River can play a major role in the country's crude oil production.
For this purpose, it's considered necessary to accelerate the work on the development of the fields, he added.
To note, currently, Iran's production from the oil fields in the western part of the Karun River is 500,000 barrels per day.
The crude oil reserves determined in the oil fields in the western part of the Karun River are 120 billion barrels.
As many as 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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