According to NIOC, Mohsen Khojastehmehr
said in this regard in the meeting to review and brainstorm
implementation mechanism of banks' participation in the mega project of
the integrated development of Azadegan Field, the technical, financial
and legal dimensions of this plan were outlined, and the bank managers
also discussed issues about the project.
Referring to the presence of the
Minister of Petroleum in the meeting, he added: “By attending this
meeting, the Minister of Petroleum emphasized the full support of the
Ministry of Petroleum for the presence and investment of banks in
development projects and emphasized the facilitation of the fields for
increasing the participation of Iranian banks and companies.”
The NIOC CEO further said: “This joint
field covers an area of 1,500 square kilometers and is located 80
kilometers west of Ahvaz city, southwestern Iran, and amount of its
in-place oil is estimated to be around 32 billion barrels. Also, the
current production capacity of this field is 190,000 barrels per day.
The official further said that an
investment of 7 billion dollars is planned to be made in the field to
bring its output to 570,000 barrels per day.