Jan 30, 2016, 3:14 PM
News Code: 81941524
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Iran, Iraq joint fields increase output by 160,000 b/d

Tehran, Jan 30, IRNA – Oil produced from Iran and Iraq joint fields has been increased by 160,000 barrels per day, says Iran's Managing Director of Petroleum Engineering and Development Company.

Announcing the news, Abdolreza Haji Hossein-nejad told journalists on Saturday that the two countries' joint oil field project will be operational by the end of the Persian Calendar year.

'The production from two oil fields in West Karoun region has increased and the project is due to be officially inaugurated soon,' said Haji Hossein-nejad.

The production of oil from North Azadegan and Yadavaran has increased by 75,000 and 85,000 barrels a day respectively and the projects will be inaugurated following the Parliamentary elections in February, he said.

'The oil extracted from Iran and Iraq joint oil fields will reach 300,000 barrels a day next year and until the end of the next Persian Calendar year it is expected to reach 550,000 barrels a day,' he added.