19 June 2016 - 14:51
  • News ID: 263241
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.
News ID 263241

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