September 17, 2021 18:15

Plans Underway to Raise Output of Joint Oilfields, Refining Capacity

Iran plans to boost the capacity of its refining facilities (fed by crude oil and gas condensate) in terms of quality and quantity of products, and also build new refineries

Iran’s Oil Ministry has planned to increase output in joint oilfields that contain more than 153 billion barrels of extractable oil.
Oil Ministry Javad Owji made the statement during a visit to the oil-rich Khuzestan Province on Friday, the Oil Ministry’s news agency Shana reported.
The Oil Ministry is ready to tap the potentials of domestic and foreign investors in oil and gas projects, such that joint oil and gas fields have priority, he added.
Owji said some of the joint fields are in Khuzestan and shared with Iraq, such that oilfields in the southwestern province account for 74% of the country’s oil production.

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