Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Iran Targets 850,000 Barrels Oil From Shared Fields, Shana Says

April 21 (Bloomberg) -- Iran plans to produce 850,000 barrels a day from fields it shares with Iraq and Qatar by 2015, the director of combined planning at National Iranian Oil Co. said, according to the Oil Ministry website Shana.

While Iran is producing about the same amount of oil as Iraq from their shared onshore fields, it lags behind Qatar in producing from the oil layer of the shared offshore South Pars natural-gas field, Abdol-Majid Delparish was cited as saying by the website.

Neither Iran nor Iraq produces gas from their shared onshore fields, Delparish said. Iran produces 230 million cubic meters of gas a day from South Pars, while Qatar produces 430 million, he said.

Iran’s recoverable reserves are 154 billion barrels of oil and 33.5 trillion cubic meters of gas, according to the latest assessments, Delparish said on the website.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.