China’s CNPCI has agreed to return to Iran to develop North Azadegan oil field which Iran shares with Iraq.
Behbahani said Petroleum Engineering and Development Company (PEDEC) is conducting studies for the second phase development of the field.
Iranian Ministry of Petroleum plans to focus on oil production from Yadavaran, North Azadegan, South Azadegan, North Yaran and South Yaran oil fields. Iran shares all these fields with Iraq.
Iran currently imports 5 ml/d of gasoline to meet its growing demand. The startup of Persian Gulf Star Refinery would let Iran even export 3 to 4 ml/d of gasoline.
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