Iran to Increase Oil Production by 460 Million Barrels in Three Years

Related Articles

Turkey to Drill Oil off Somali Coast Starting in 2025

2 days ago

OPEC+ can Stop an Oil Rally to $100

5 days ago

China Tightens Hold on Iraq’s Oil with Al-Faw Refinery Nearing Completion

5 days ago

Iran is pursuing a plan to increase its oil output by 460 million barrels within three years. oil minister Bijan Zanganeh said on Saturday. according to SHANA. the news site of the Iranian oil ministry.

Iranian Oil Minister Bijan Zanganeh speaks to reporters after meeting with EUÕs top energy official Miguel Arias Canete in Tehran. Iran. May 19. 2018. REUTERS Alissa de Carbonnel

The plan will focus on increasing output from 29 oilfields. including in Ilam. Khuzestan. Gachsaran. Falat Qareh and Fars. Zanganeh said.

The bulk of the work to increase the output at the oilfields will be carried out by Iranian companies. Zanganeh said.

“More than 75 percent of the equipment for developing the output is Iranian.“ Zanganeh said. according to SHANA.