Iran prioritizes development of shared oil fields

13 Jun 2017   Iran

Iran aims to prioritize the development of the oil and gas fields that straddle the land and maritime borders with its neighbors. File photo by Maryam Rahmanian/UPI June 12 (UPI) — Tapping into the oil reservoirs straddling Iran’s land and maritime borders are among the top priorities for the year, a deputy minister said. Ali Kardar, the deputy petroleum minister, said neighboring Iraq and Qatar have extracted oil and gas reserves with the help of multinational energy companies and Iran is looking to replicate that success . Iran shares borders with Iraq in the Azadegan oil field and with Qatar in the South Pars oil and gas complex in the Persian Gulf. “The fields are on priority list and the Ministry of Petroleum emphasizes their development,” the deputy minister told the official Islamic Republic News Agency. Highlighting the Azadegan prospect has been commonplace for Iran as it looks to […]

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