Persian Gulf delivers more oil

Oil production from Iran’s fields in the Persian Gulf rose by 42 MMbbl over a recent three-year period, according to the country’s Petroenergy Information Network, Shana.

Offshore staff

TEHRAN

-- Oil production from Iran’s fields in the Persian Gulf rose by 42 MMbbl over a recent three-year period, according to the country’s Petroenergy Information Network, Shana.

Mahmoud Zirakchianzadeh, managing director of Iran Offshore Oil Company (IOOC) said the company’s daily output averaged 673,000, 700,000, 712,000, and 724,000 b/d during 2004, 2005, 2006, and 2007.

The 724,000 b/d figure represented the country’s highest production level over the last 50 years, he added.

Recently, however, Iran cut its production target to 707,000 b/d in compliance with OPEC guidelines

06/03/2009

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