Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports , quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri. Russia’s Gazprom will take part in this plan by developing two fields, Azar and Changuleh, Manouchehri also said, as quoted by Reuters, adding that NIOC was currently in talks with the Russian firm. The official also dismissed reports that the development of the huge South Pars gas field had stopped after the pull-out of French Total following the reimposition of U.S. sanctions on Iran. “This claim that the development of phase II of the South Pars field has been stopped because of Total is not correct and everything is going according to plan,” the official said. Earlier, Iranian sources had said Total’s Chinese partner in South Pars, CNPC, is ready to take over the French company’s share of the project […]