Iran Floods Force Closing 10 Oil Wells in Khuzestan
Closing the wells led to a production loss of up to 20,000 barrels per day (b/d) of crude oil.
Closing the wells led to a production loss of up to 20,000 barrels per day (b/d) of crude oil.
Iranian engineering and energy enterprise MAPNA Group have signed a contract with the National Iranian South Oil Company (NISOC) to develop the Paranj and Parsi oilfields in the Khuzestan Province in Iran.
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh.
The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.
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