29 Mar 2024
Friday 12 February 2016 - 13:57
Story Code : 201354

President Rouhani: Oil production from joint fields to hit 350 kb/d by mid-2017

TEHRAN, Feb. 12 (Shana) President Hassan Rouhani said that crude oil production from Iran's joint fields will increase from current 230,000 barrels a day to 350,000 b/d by mid 2017 when presidential elections are due to be held.

Speaking to ralliers in Tehran on commemorate victory anniversary of the 1979 Islamic Revolution on Thursday, he added, In the last two and half years and despite of escalation of sanctions, Iran managed to increase gas production for household and industrial production to 190 million cubic meters a day.

In the meantime, we also launched seven phases of the South Pars Gas Field, he added.

President Rouhani also said that Irans revenues from petrochemical industry which used to be 16 billion dollars four years ago has increased to 18 billion dollars this year (to end March 20) and will grow to 24 billion dollars in less than two years.

This verifies that our country has the potential for development even during hard times, he said.

The brave people of Iran who proved their resilience during the eight-year defense (against Iraqi-imposed war in 1980-88) did not bow their heads before unprecedented international sanction, Rouhani added.

He also urged the nation to take part in the upcoming parliamentary elections due in two weeks.

TEHRAN, Feb. 12 (Shana) President Hassan Rouhani said that crude oil production from Iran's joint fields will increase from current 230,000 barrels a day to 350,000 b/d by mid 2017 when presidential elections are due to be held.

Speaking to ralliers in Tehran on commemorate victory anniversary of the 1979 Islamic Revolution on Thursday, he added, In the last two and half years and despite of escalation of sanctions, Iran managed to increase gas production for household and industrial production to 190 million cubic meters a day.

In the meantime, we also launched seven phases of the South Pars Gas Field, he added.

President Rouhani also said that Irans revenues from petrochemical industry which used to be 16 billion dollars four years ago has increased to 18 billion dollars this year (to end March 20) and will grow to 24 billion dollars in less than two years.

This verifies that our country has the potential for development even during hard times, he said.

The brave people of Iran who proved their resilience during the eight-year defense (against Iraqi-imposed war in 1980-88) did not bow their heads before unprecedented international sanction, Rouhani added.

He also urged the nation to take part in the upcoming parliamentary elections due in two weeks.

By SHANA
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