Tag Archives | West Karoun oil field

Oil Output to Reach 4.5m bpd in 5 Yrs

The CEO of the National Iranian Oil Company (NIOC) Ali Kardor said Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years. Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864,000 bpd in the next five years, Kardor […]

West Karoun Oil Production to reach 368,000 bpd

Iran currently produces 290’000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC), Noureddin Shahnazizadeh said. Holding a press conference for the latest achievement of the West Karoun oil fields, Shahnazizadeh mentioned that the […]

South Yaran to Commence Early Production

South Yaran is one of jointly owned oil fields in the West Karoun area in southwestern Iran. It has not been talked about too much. However, its development and operation are among priorities of the Iranian Ministry of Petroleum with regard to developing hydrocarbon fields shared with neighboring countries. North Yaran field has already started […]

West Karoun Oilfields, IP Gas Pipeline Projects Prioritized

Iran’s First Vice-President Es’haq Jahangiri has tasked the Oil Ministry with implementing 11 prioritized projects in the oil and gas sector by the end of the current Iranian calendar year (March 20, 2018). Increasing the output of West Karoun oilfields by 100,000 barrels per day (bpd) to reach 350,000 bpd, and completing the gas pipeline […]

IOTC Plans to Export West Karoun Oil

The Iran Oil Terminals Company (IOTC) is preparing infrastructure to export oil produced from fields in the West Karoun area in western Iran, the IOTC chief said. “The company has received a plan to export West Karoun crude oil and this operation is set to start after preparing such infrastructure as Genaveh-Kharg pipeline and an […]

Iran “Heartened” at Increased Crude Production

Increasing its crude oil production capacity mainly from Western Karoun joint oilfields, Iran has been heartened and reassured as far as the country’s status in OPEC is concerned. Talking in the verge of the official opening of the three development plans of North Azadegan, Yadavaran and Yaran, Gholam-Reza Manouchehri the deputy head of National Iranian […]

Petropars, Shell Discuss Oil Investments

The Iranian energy company Petropars Ltd. is holding negotiations with oil and gas major Royal Dutch Shell on carrying out feasibility studies for investment in oil and gas projects, Petropars managing director Mohammad Javad Shams told Shana. Referring to negotiations between Iranian companies and their foreign partners based on new models of oil contracts, he […]