Update on Iran's 460 million barrels Oil plan

Image result for Iranian Oil Minister Bijan Zanganeh speaks to reporters after meeting with EUÕs

Iranian Oil Minister Bijan Zanganeh speaks to reporters after meeting with EUÕs top energy official Miguel Arias Canete in Tehran, Iran, May 19, 2018. REUTERS/Alissa de Carbonnel


Iran is mapping out plans to increase its oil output by 460 million barrels within three years, this is according to Iran oil minister Bijan Zanganeh.

He said this on Saturday, in an interview with SHANA, the news site of the Iranian oil ministry.

The plan will focus on increasing output from 29 oilfields, including in Ilam, Khuzestan, Gachsaran, Falat Qareh and Fars, Zanganeh stated.

The bulk of the work to increase the output at the oilfields will be carried out by Iranian companies, Zanganeh said.

“More than 75 percent of the equipment for developing the output is Iranian,” Zanganeh said, according to SHANA.


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