Belarus has launched the second-stage development of its oil production in the Jofeir deposit in Iran, the Iranian ambassador to Belarus said Thursday.
"Today the volume of crude oil is 10-15 thousand barrels per day. Now we are talking about the beginning of the second phase, then about 30 thousand barrels of oil will be produced per day," Ambassador Seyyed Hosseini said at a news conference.
The joint Belarusian-Iranian company Belpars Petroleum Company Ltd.is in charge of the development project and expects to extract from the Jofeir oilfield a total of 9.3 million tons of oil between 2010 and 2021.
Hosseini also discussed broader Belarusian-Iranian investment cooperation, which amounted to about 1.5 billion US dollars.