Iran Cuts Crude Production at Joint Oilfields to Help Protect Environment

Oil production at joint oil fields in West Karoun region bordering Iraq has been reduced by 6% as a precautionary measure to prevent environmental damage in the area, the managing director of the Petroleum Engineering and Development Company said.
Production from West Karoun oilfields, namely North Azadegan, South Azadegan, North Yaran, South Yaran and Yadavaran, has been cut by 20,000 barrels per day in the past month, down to 330,000 bpd from the regular 350,000 bpd, ILNA reported Touraj Dehqani as saying.
Oilfields owned jointly by Iran and Iraq are located near the Hawizeh Wetlands that straddles the border between the two neighbors and is known to locals as Hoor al-Azim. The block holds an estimated 70 billion barrels of oil in place. With the fields fully operational, their output could reach 1 million bpd, the official noted.