Azadegan Oilfield to Be Developed With $7 Billion Investment

The development of joint Azadegan Oilfield in Khuzestan Province will be completed with an investment of $7 billion, Oil Minister Javad Owji said.
"The integrated development plan of Azadegan Oilfield, shared between Iran and Iraq, will be carried out by public and private banks, economic holding companies and the National Development Fund of Iran, with the aim of increasing the field’s production to 570,000 barrels per day,” Owji was also quoted as saying by the Oil Ministry’s news agency Shana.
The vast Azadegan field has been divided into North Azadegan and South Azadegan. The two fields had been developed separately, but a master plan has been studied for the integrated development of the entire field.