Page 19 - MEOG Week 37

MEOG NEWS IN BRIEF MEOG

Owji said the contract is for two years and Iran raises oil production in The fields are joint with Iraq.
work started a month ago. The Marun field He indicated that petrochemical
currently produces around 600,000 barrels the fields shared with Iraq production amounted to 56 million tons
of oil a day, according to the website of the annually until the year 2013, and it is intended
National Iranian Oil Co. It’s been pumping Iranian Oil Minister, Bijan Zangana to raise it to 133 million tons until 2026.
oil for more than 50 years and in 2015 was announced on Tuesday that crude oil It’s noteworthy that West Karoun oilfields,
deemed to be in “sore need” of rehabilitation production from the fields shared with Iraq which Iran shares with Iraq at the western
and development by the International Energy has increased to 400,000 barrels per day. part of Iran’s southwestern region of Karoun,
Agency. Zangana said in Islamic Shoura Council include five major fields namely North
In 2006, Norway’s state oil company today that the production of West Karoun” Azadegan, South Azadegan, North Yaran,
announced plans to work on improvements oil fields in southwestern Iran has reached South Yaran, and Yadavaran.
to oil recovery at the field. Its involvement 400 thousand barrels per day, up from 70 SHAFAQ
was halted in 2010 after the U.S. expanded thousand barrels per day over the past seven
sanctions under President Barack Obama. years, and that we are not late in production
BLOOMBERG with the neighbours.”

Week 37 16•September•2020 www. NEWSBASE .com P19