Petroleum minister puts Iran's oil exports at 2.6m bpd

Speaking to reporters on the sidelines of a cabinet meeting, Zangeneh said that President Rouhani is scheduled to inaugurate oil projects worth $ 20 billion next week.

He said that new phases of South Pars oil field and the new oil layer of this field, from which oil will be produced for the first time, will be among the projects to be inaugurated by the president.

Six phases of the giant oil field, including Phases 11, 13, 14, 23, 24 and 22 will remain to be completed in the future, the minister said, adding that one of the remaining phases will be completed by the yearend and the other ones will be left for next year.

“We reached a production level equal to that of Qatar this year,” Zangeneh said.

“Qatar has announced it intends to expand this field once again. If they expand again, we will expand too.”

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