30 April 2013
Extensive efforts were made last year to improve the oil production capacity of Iran, said the managing director of National Iranian Oil Company (NIOC).
Ahmad Qalehbani said the discovery of 2 billion barrels of oil, the rise in hydrocarbon reserves to 156 billion barrels, addition of offshore and onshore drilling platforms and renovation of oil industry equipment are among achievements of NIOC in the last Iranian year (ended March 20, 2013), IRNA reported.
The official noted that despite sanctions imposed on the country, $24.7 billion worth of investments have been attracted in the upstream oil industry.
He said $4.6 billion worth of investment have been made through the financial resources of NIOC, adding that the remaining part of the fund has been procured through finance and buyback agreements, and the deposits of Central Bank of Iran.
Qalehbani went on to say that early production at Yadavaran and Yaran oilfields, discovery of Sardar-e Jangal Oilfield in Caspian Sea, collection of associated petroleum gas in Nargesi Oilfield and launching the first gas storage facility in Sarajeh, Qom province, are some of the activities undertaken by NIOC last year.
Agreements have also been signed by the company for the development of Zaqeh, Changouleh and Mansouri oilfields and Kish Gas Field.
The official pointed out that making the phases 12, 15, 16, 17 and 18 of South Pars Gas Field operational is among the most important objectives that will be pursued by NIOC in the current year.
Extensive efforts were made last year to improve the oil production capacity of Iran, said the managing director of National Iranian Oil Company (NIOC).
Ahmad Qalehbani said the discovery of 2 billion barrels of oil, the rise in hydrocarbon reserves to 156 billion barrels, addition of offshore and onshore drilling platforms and renovation of oil industry equipment are among achievements of NIOC in the last Iranian year (ended March 20, 2013), IRNA reported.
The official noted that despite sanctions imposed on the country, $24.7 billion worth of investments have been attracted in the upstream oil industry.
He said $4.6 billion worth of investment have been made through the financial resources of NIOC, adding that the remaining part of the fund has been procured through finance and buyback agreements, and the deposits of Central Bank of Iran.
Qalehbani went on to say that early production at Yadavaran and Yaran oilfields, discovery of Sardar-e Jangal Oilfield in Caspian Sea, collection of associated petroleum gas in Nargesi Oilfield and launching the first gas storage facility in Sarajeh, Qom province, are some of the activities undertaken by NIOC last year.
Agreements have also been signed by the company for the development of Zaqeh, Changouleh and Mansouri oilfields and Kish Gas Field.
The official pointed out that making the phases 12, 15, 16, 17 and 18 of South Pars Gas Field operational is among the most important objectives that will be pursued by NIOC in the current year.
© Iran Daily 2013
