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Iran says oil output up 100,000 bpd - ASHARQ AL-AWSAT English Archive
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TEHRAN (AFP) – Iran’s daily oil output rose by around 100,000 barrels with the opening on Tuesday of the second phase of Darkhovin field in the southeast of the country, the oil ministry’s news agency reported.

Shana agency said Oil Minister Masoud Mirkazemi attended the opening, which raises the field’s total output to around 160,000 barrels per day (bpd), from first phase production of around 50,000 bpd.

Iran’s total output is running at around 3.7 million bpd, according to latest data from OPEC.

The second phase of Darkhovin was developed by a consortium comprised of Italy’s ENI, which signed a 1.3-billion-dollar contract, making it the largest Western firm operating in Iran, and local companies.

Most Western firms have exited Iran following sanctions imposed on Tehran over its controversial nuclear programme.

Iran is the second largest crude exporter in the Organisation of Petroleum Exporting Countries after Saudi Arabia, and it holds the world’s second largest gas reserves after Russia.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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