Raising Output of Joint Oilfields a Top Priority for Iran

Forouzan Oilfield in the Persian Gulf is currently producing between 30,000 and 50,000 barrels of oil per day, the managing director of the state-owned Iranian Offshore Oil Company said.
“Although the lion’s share of the oilfield’s reservoir is located in Saudi Arabia’s territorial waters, Iran has started production from Forouzan earlier than the southern neighboring country,” Hamid Bovard was quoted as saying by ISNA on Saturday.  Officials say ramping up extraction from joint oil and gas fields is a top priority of the Oil Ministry.