Iran’s offshore oil production hasn’t seen any reduction
Iran’s offshore oil production hasn’t seen any
reduction and the country just loaded crude for export, said Hamid
Bovard, the head of the Iranian Offshore Oil Company (IOOC).
It loaded the latest batch of crude from its offshore fields for export
three days ago, Bovard said at a press conference, Bloomberg reported
on Saturday.
Exports are underway as planned, he said.
The US government terminated waivers, allowing a handful of countries to buy Iranian crude, in an effort to reduce Iran’s critical oil exports to zero.
More than 130 million barrels of oil were exported from Iran’s offshore fields in the year that ended March 20, Bovard said.
A tender to raise production at the Forouzan Oilfield will be finalized by the end of June. Its development requires an additional 300 million-euro ($336 million) investment, he said.
Iran has about 100 billion barrels of oil in 40 offshore fields in the Persian Gulf and Sea of Oman, Bovard said.
Exports are underway as planned, he said.
The US government terminated waivers, allowing a handful of countries to buy Iranian crude, in an effort to reduce Iran’s critical oil exports to zero.
More than 130 million barrels of oil were exported from Iran’s offshore fields in the year that ended March 20, Bovard said.
A tender to raise production at the Forouzan Oilfield will be finalized by the end of June. Its development requires an additional 300 million-euro ($336 million) investment, he said.
Iran has about 100 billion barrels of oil in 40 offshore fields in the Persian Gulf and Sea of Oman, Bovard said.