Development work on the three oil fields officially began on Saturday with the participation of the Deputy Petroleum Minister and the Chief Executive Officer of the National Iranian Oil Company (NIOC).
The project aims to increase the country’s oil production capacity by 10,000 barrels per day (BPD) and is being implemented with an investment of $240 million by the private sector as the contractor.
At a groundbreaking ceremony for the development of oil fields in the operational area of Naft-Shahr in the western province of Kermanshah, NIOC chief Hamid Bovard announced the increase in oil production capacity and the $240 million project announced that a $240 million project is aimed at development. border area.
Bovard has highlighted the underdevelopment of the Naft-Shahr area in recent years, noting that the project seeks to develop small oil fields in the area and restore prosperity to the border region.
He emphasized that the development of these areas will not only enhance security but also bring progress and welfare to local communities.
The Deputy Oil Minister explained that Naft-Shahr is home to one of the oldest oil fields in the country, as well as several small fields in the area that are currently under development.
“The project is expected to increase Iran’s daily oil production capacity by 10,000 barrels and provide feedstock for the Kermanshah refinery,” he said.
MNA