Iran oil, condensates production experience growth

Final negotiations are underway with Indonesia, China and Russia to sign contracts, Bijan Zangeneh said in a joint meeting with members of parliament energy commission.

He referred to the inauguration of 6 phases of South Pars oil and gas field and extracting more oil than Qatar, saying other phases except phase 11 and some parts of phase 14 will be finalized this year.

Zangeneh also pointed to joint Iran-Iraq West Karoon oilfield, saying Iran’s production is more than Iraq.

The inauguration of the Persian Gulf Star Oil Company was one of the most important achievements last year, Zangeneh said.

9376**2050

Follow us on Twitter @IrnaEnglish