Iran Economy NewsIran says boosting oil output among top priorities, Shana...

Iran says boosting oil output among top priorities, Shana says

-

Bloomberg: Boosting Iran’s crude production is one of the Oil Ministry’s top priorities, the ministry’s Shana news website reported, citing Oil Minister Rostam Qasemi.

Bloomberg

By Ladane Nasseri

Boosting Iran’s crude production is one of the Oil Ministry’s top priorities, the ministry’s Shana news website reported, citing Oil Minister Rostam Qasemi.

Crude output must increase by 1 million barrels a day by 2013, Qasemi said at a meeting with officials in the southern city of Ahwaz, according to Shana. Iran, the second-biggest producer in OPEC, pumped 3.6 million barrels of oil a day in August, according to data compiled by Bloomberg.

Steps planned for boosting production include developing new oil fields and deposits that Iran shares with its neighbors, using secondary methods of recovery such as gas injection and installing desalination units and other processing facilities, Qasemi said.

He reiterated his ministry’s plans to sell bonds worth 1 trillion Iranian rials ($94 million) in the current Iranian calendar year, which started on March 21, to pay for oil projects, according to the report published yesterday.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Political Rivalries Amplify as More Iranians Go Below Poverty Line

For years, all Iranian factions have promised to improve...

Iranian Christians face increasing persecution from mullah’s regime.

Iran Focus London, 8 Jul - Bishops in the...

You might also likeRELATED
Recommended to you