Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi said a daily average of 100 thousand barrels of crude oil are currently produced in central oilfields of Iran; “daily crude production in the region is scheduled to climb in two stages before reaching a total of 190 to 200 thousand barrels,” he added.
Karimi acknowledged that Iran’s goal has been to increase oil production to 350 thousand barrels per day asserting “in order to achieve the target of increased production during the post sanction era, implementation of development projects like increasing recovery factor via EOR and IOR have also been put on the agenda.”
Recalling that recoverable crude oil reserves in Iran’s central regions add up to a total of 10 billion barrels, the official said “moreover, a sum of 7 trillion cubic meters of recoverable natural gas reserves are deemed to be found in the area.”
