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Iran to increase oil production by 460 million barrels in three years - oil minister

Reuters  |  BEIRUT 

(Reuters) - is pursuing a plan to increase its output by 460 million barrels within three years, minister Bijan said on Saturday, according to SHANA, the site of the Iranian ministry.

The plan will focus on increasing output from 29 oilfields, including in Ilam, Khuzestan, Gachsaran, Falat Qareh and Fars, said.

The bulk of the work to increase the output at the oilfields will be carried out by Iranian companies, said.

"More than 75 percent of the equipment for developing the output is Iranian," Zanganeh said, according to SHANA.

(Reporting by Babak Dehghanpisheh, editing by Louise Heavens)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 09 2018. 21:33 IST
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