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100,000 bpd to be added to Iran's crude production Capacity

Tehran, Nov 6, IRNA - Caretaker of Oil Ministry Gholam-Hossein Nozari said here Tuesday that 100,000 barrels will be added to the country's daily crude production capacity by March 20, 2008, marking end of the current Iranian calendar year of 1386.

"Iran's average crude production capacity stood at 4.11 million bpd and 4.135 million bpd in Shahrivar (August 23-September 22) and Mehr (September 23-October 22) respectively," Nozari told reporters in a ceremony held on the sidelines of his tour of Abadan refinery (in Khuzestan Province).

Nozari said the 100,000 bpd production target would be possible through production of 25,000 bpd crude from Azadegan field in the months Azar (November 22-December 21) and Day (December 22-January 20) and of 50,000 barrels from second phase of Darkhoein field ahead of the schedule as well as addition of 20,000 to 25,000 bpd to Behregansar field's production capacity.

He said each barrel of oil is stipulated to be sold for dlrs 50 and dlrs 55 under the next year budget bill and other oil rich states too are expected to have around the same figure in their next year budget.

He put national foreign exchange revenue in the first seven months of the year at about dlrs 30 billion.

Elsewhere in his remarks, Nozari said that Russian Gazprom has proposed partnership in the project for development of South Pars gas field.

Azadegan oil field's in situ oil reserves rises to 42bn barrels

Nozari said that the in situ oil reserves of Azadegan oil field has risen to 42 billion barrels from 32 to 33 billion barrels.

Nozari told a group of oil officials that all should help expedite commission of Azadegan oil field development project.

Iran not waiting for foreign assistance to implement oil projects

Nozari said in Abadan on Tuesday that Iran will not look on foreign partnership in the oil development projects.

"Early production from Azadegan field has two important messages: The domestic message is we can develop oil and gas fields through using domestic experts. Foreign message is Iran has made up its mind to commission national projects," said Nozari on the sidelines of his tour of Abadan refinery.

He said foreign companies have the opportunity for operation in Iran but their delay costs them losing their job market in the country.

He went on to say that Azadegan field will in the first phase of its early production in Day, the 10th month in the Iranian calendar year of 1386 (started on March 21), yield 25,000 bpd oil.

... Payvand News - 11/06/07 ... --

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