Iran News ...


7/2/06

Iran: Aghajari Oil and Gas Production Company produces 730,000 bpd of oil

TEHRAN, July 1 (Mehr News Agency) - The average production from Aghajari Oil and Gas Production Company stands at 730,000 barrels per day (bpd) of oil, noted the company managing director.

Producing around 730,000 bpd of light and heavy crude, productions from the company surpasses its nominal quota of 720,000 bpd, he explained.

The company produces about 150,000 barrels per day of heavy oil as well as some 580,000 bpd of light oil, Musavi said adding, by drilling a number of development wells in the region the production is expected to hit 750,000 bpd.

Parts of the products of the company are sent to the refineries in Isfahan through oil pipelines and the rest is delivered to the oil terminals in Kharg Island for exports.

Also, the company produces around 29,000 barrels of liquefied natural gas (LNG). The figure is in excess of the company obligations of 23,000 barrels.

As an affiliate to the National Iranian South Oilfields Company (NISOC), Aghajari Oil and Gas Production Co. supplies the feedstock for the domestic refineries, he further explained.

Productions from the company account for 25 percent of the oil produced by the National Iranian South Oilfields Company.

... Payvand News - 7/2/06 ... --



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