Russia to expand 2 Iran-Iraq joint oil fields in Iran

IRNA – Iran is negotiating with the Russian oil company Gazprom to expand Azar and Changuleh oil fields, said the head of the Iran’s National Oil Company on Tuesday.

We are focused on expanding oil fields in the West of the country, including Azadegan and Yadavaran fields, said Gholam-reza Manuchehri.

With implementing these projects, 400,000 barrels will be added to the production of the fields.

He also said that the projects will cost six billion dollars that will be paid through the production increase.