Iran intends to raise its oil production in a joint field with Iraq to nearly 600,000 barrels per day
Last May of 2021, the Iranian Oil Company concluded 3 new agreements with Iraqi oil companies, with the aim of developing the Azadekan border field, which is shared with the Majnoon field on the Iraqi side.
Zubaidi said on the sidelines of the 26th Oil Exhibition in Iran that "according to the plans drawn up in the joint Azadekan field until the end of the current Iranian year, the production of 220,000 barrels of oil per day in the first phase, and raising production in the second phase to 570,000 barrels per day in the Azadekan field." North and South".
Azadekan is the largest joint Iranian oil field, with an area of 1,500 square kilometers, and its reserves are estimated at 32 billion barrels. It is currently being developed on the northern and southern sides.
Zubaidi also stated that "our priority is development in the joint fields of West Karon and South Pars, and we are trying to direct non-capital resources and focus, according to priority, on joint fields."
The Director of Planning at the National Iranian Oil Company added, "Our priority is to develop the North and South Azadekan, Yadavaran, Yaran and South Pars fields, the 13th, 22nd, 23rd and 24th stages, and the 14th stage refinery," noting that "our most important investment priorities are to focus non-oil resources in this area." also".
Zubaidi continued, "Our other priority is to maintain production, which requires financial resources."
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