29 Mar 2024
Sunday 19 June 2016 - 22:28
Story Code : 219417

Iran extracts 763 mb from joint oilfield with Saudi Arabia

TEHRAN, June 19 (Shana) Iran's crude oil recovery from Forouzan Oilfield, which it shares with Saudi Arabi in Persian Gulf waters, has reached 763 million barrels, 24% of the field's total oil output.

Iran enjoys only 11% of the field but has so far recovered 24% of its total crude oil output.

Meanwhile, Saudi Arabia has recovered 2.360 billion barrels of crude oil from the field.

The Iranian Offshore Oil Company (IOOC) is currently recovering 38,000 b/d from the field, while Saudi Arabia is extracting only 190,000 b/d given its facilities to recover 400,000 b/d from the field.

By SHANA
https://theiranproject.com/vdcdfn0x5yt0fo6.em2y.html
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