Iran Press/ Iran News: Speaking in Kish Island on Monday, Mohsen Khojastehmehr told reporters that the country's oil production capacity would exceed 4 million barrels per day by the end of the current Iranian calendar year.
“This week, we will have executive operations to develop a number of joint oil and gas fields in Khuzestan province and the Persian Gulf,” he said, elaborating on the company’s projects.
He said the projects include the development of North Yaran, South Yaran, Balal, and Sohrab fields, and launching of the sweetening unit of the 2nd and 3rd phases of South Pars with a capacity of 60,000 barrels per day, as well as beginning the construction of the new 32-inch sour gas pipeline of phase 16 of South Pars gas field.
In response to a question about the decision to develop the Arash field, the NIOC CEO said: “The Company is fully prepared to start drilling in the Arash field, and as soon as the conditions are determined and the work procedures begin, drilling operation will begin, and NIOC has a complete plan to develop the oil and gas sector of this field that has been approved by the NIOC board of directors.”
Regarding gas imports from Russia, Khojstehmehr said: “In general, Iran's position on this issue is gas trade, and due to its geographical location, the Islamic Republic is ready to swap gas to destinations that the gas supplier considers.”
Asked about Iran’s current crude oil output and the plan to increase production capacity if the JCPOA concludes, he said: “As previously announced, the oil production capacity of the National Iranian Oil Company by the end last calendar year was 3.838 mbd and according to the planning, Iran's crude oil production capacity will exceed 4 mbd by the end of 1401.”
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