Iran is continuing to make strides in developing its oil and gas sector whilst showing little sign of curbing output growth as part of any coherent Opec strategy.
Iran officially inaugurated phase one of three key ‘West Karun’ fields on 13 November – Yadavaran, North Azadegan and North Yaran. Production from the cluster has now hit 260,000 b/d NIOC Managing Director Ali Kardor says. Oil Minister Bijan Zanganeh said at the inauguration that plans to increase this to 1mn b/d require $18bn investment. (CONTINUED - 782 WORDS)
