Jofeir oil production hits 15k barrels

Iranian ambassador to Belarus says the daily oil production of Jofeir joint oilfield in the southwestern province of Khuzestan has reached 15,000 barrels and will double in the near future.

Abdollah Hosseini said the current crude production of the field is 15,000 barrels per day, adding that Belarus has launched the second stage of the development projects of Jofeir oilfield which will increase the produce of the field to over 30,000 barrels per day, Belarusian news agency BelTA reported.

He also pointed out that Iranian investors are keen on cooperating in Belarusian energy projects, and negotiations are underway with Belarus for projects worth over $1.5 billion.

The Iranian official said the Iranian company Kayson has a $250-million construction project in Minsk, and Persepolis Company also plans to build a five-star hotel in the city estimated to cost $150 million.

Some other Iranian companies will invest in various projects in Brest, Homel, Svetlahorsk, and Rechitsa, he went on to say.

The joint Belarusian-Iranian company Belpars Petroleum Company Ltd. is in charge of the development projects of the field and is expected to extract a total of 9.3 million tons of oil by 2021.

Belarus and Iran created the company in 2006 to cooperate on oil exploration and development projects in Iran. The company is owned by the National Iranian Oil Company (NIOC) and Belarus National Oil Company Belarusneft.

The NIOC and Belarusneft signed a contract to develop Jofeir oilfield in September 2007.


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