ISSN 2330-717X

Iran Says Crude Oil Extraction From Joint Oilfields Up 6 Times

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Iranian President Hassan Rouhani said his administration has managed to increase the oil and gas production from joint fields by six and 2.5 times respectively.

In remarks at a videoconference held on Monday to inaugurate three major energy projects in Iran, Rouhani said his administration has increased gas extraction from the joint gas fields by 2.5 times, while the crude output from the common oilfields has risen by around 6 times.

The oil output at the joint oilfields has increased from 70,000 to 400,000 barrels per day, he stated, adding that the daily gas production has also reached one billion cubic meters.

Highlighting his administration’s achievements in the oil and gas sector, the president said they would serve the Iranian nation and the next administrations.

“This administration has done great jobs in the oil and gas industries and in the joint fields,” he said, adding that all but one of the phases in the South Pars gas field have come on stream and Iran has become self-sufficient in producing gasoline and diesel.

The administration has connected 17,000 villages to the national gas network and runs at least 89 power plants with gas, he added.

Natural gas has great significance in the country, the president stressed, saying Iran consumes around 800 million cubic meters of gas in the wintertime, which is equivalent to 5 million barrels of oil.

The president also pointed to Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei’s emphasis on preventing the sale of raw materials, saying the administration has taken proper measures in constructing petrochemical plants.

Tasnim News Agency

Tasnim News Agency

Tasnim News Agency is a private news agency in Iran launched in 2012. Its purpose is to cover a variety of political, social, economic and international subjects along with other fields

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