• Iran is currently drawing crude from West Karoun block at an unacceptable extraction rate of 5-6%.

    Iran's Petroleum Engineering and Development Company has signed a contract with unnamed international companies to lease transportable refining equipment to increase crude output in West Karoun block in the southern Khuzestan Province, the chief executive officer of PEDEC said.
    "The skid-mounted modular mini refining crude units with a capacity to process 50,000 barrels per day will start to work in different oilfields in West Karoun from March," Noureddine Shahnazi-Zadeh was also quoted as saying


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