Oil extraction from the shared West Karoun block in southern Khuzestan Province has reached 420 barrels per day – a six-fold increase compared to 2013.
Quoting Oil Ministry data, IRNA said the National Iranian Oil Company lagged behind Iraq in early 2016 in producing crude oil from the block but now has moved ahead OPEC'S number 2 producer in West Karoun.
West Karoun includes several large oilfields straddling the Iran-Iraq border, namely Azadegan, Yaran, Yadavaran and Darkhoein, with the first three divided into north and south projects. The block holds an estimated 67 billion barrels of oil in place.
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