TEHRAN, Iran, Jan 27 (NNN-TASNIM) – Iran has a plan to increase recoverable oil from the Azadegan oilfield, in southwestern Khuzestan province, Iran’s Petroleum Minister, Bijan Namdar Zanganeh, said on Sunday, Press TV reported.
Oil recovery rate from the Azadegan oilfield, a joint field located on the border with Iraq, will increase from the current six percent to 10 percent of recoverable oil, Zanganeh was quoted as saying.
He said, this success would mean an increase of around 3.5 billion barrels of oil, which is a significant figure.
Zanganeh said that, the academia in Iran, has become a major part of development plans, in the oil and gas sector.– NNN-TASNIM
