West Karoun Oil Output Five-Fold

Source: www.gulfoilandgas.com 2/22/2020, Location: Asia

Petroleum Minister Bijan Zangeneh has said in an interview on state TV that production from oil fields located in West Karoun has roughly quintupled over the past six years. “In West Karoun, the oil production capacity in the jointly- owned fields have somewhat quintupled from 2013. Shared fields are the last options when it comes to natural decline in production due to sanctions,” he said.

Zangeneh said Iran invited in vain Chinese companies to develop the North Azadegan and Yadavaran oil fields.

“We wanted the Chinese to keep working in Yadavaran, but they failed to come,” he added. He said a plan was being drawn up, adding that talks would be held with the Chinese side. “In Azadegan, we have signed an agreement with a general contractor and it is being followed up on,” he added.

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