Projects Underway to Increase Output of Nargesi, Belal Fields

The development project of Nargesi Oilfield in southern Iran has been assigned to Dana Energy Company to produce 6,000 barrels of oil per day in about 40 months. 
After the project’s completion, the field is expected to generate more than $500 million in revenues within two years, the Oil Ministry’s news agency Shana reported.
Almost 80% of the tools and equipment required for the project have been manufactured by domestic producers.