BEIRUT (Reuters) – Oil production from the West Karoun oilfields in southwest Iran nearly doubled in the past year, oil minister Bijan Zanganeh said in an interview broadcast live on state TV Saturday.
Oil production for the West Karoun oilfields for the Iranian month of Dey, which runs from late December until late January, was 161,000 bpd last year.
The West Karoun oilfields produced 305,000 bpd for the same time period this year, Zanganeh said.
Also, OPEC members are likely to stick to production limits through the end of 2018, Zanganeh said. OPEC and non-OPEC producers led by Russia agreed last November to extend oil output cuts until the end of 2018.