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Output at Iran’s South Azadegan oil field has risen from about 130,000 barrels a day at the start of the 14th government to more than 183,000 barrels a day, Petroleum Engineering and Development Company (PEDEC) Managing Director Nasrollah Zarei said, as the company completed 320,000 barrels a day of processing capacity and advanced other development work.
Iran Oil Terminals Company (IOTC) has received €500 million in funding for priority rehabilitation and upgrade projects aimed at restoring idle capacity, reinforcing export infrastructure and raising operational readiness across the country’s crude oil loading system, the company’s managing director said.