Iran to remain oil exporter for 70 years

TEHRAN, Dec. 14 (MNA) – Stating that Iran will remain capable of producing and exporting oil for the next 70 years, NISOC managing director said the largest salt oil processing plant in the Middle East will become operational by the next Iranian year.

Managing Director of National Iranian South Oil Company (NISOC) Bijan Alipour declared that the most important projects for the post sanction era include secondary production as well as increasing the recovery factor in southern oil fields; “the use of new technologies will bring about the potential to increase the recovery factor in most southern Iranian oil fields,” he added.

“Majority of southern oilfields are in the second half of their production life,” noted Alipour asserting “however, it does not mean that the period of increasing oil production is over.”

The official went on to stress that “excluding new discoveries, the possibility remains for Iran to produce and export oil from the oilfields located in the south of the country for at least 70 more years while increasing the recovery factor would even make further harvest possible.”

NISOC director manager also pointed to the launch of new desalination units and improvement in the quality of Iranian crude oil adding “accordingly, the largest desalination plant in the Middle East is being constructed in Karun region with a daily processing capacity of 220 thousand barrels of crude oil.”

“It is predicted that the huge salt oil processing complex will become operational by the next Iranian calendar year,” maintained Alipour concluding “the desalination plant consists of four 55-thousand-barrel processing units.”

 

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News Code 112808

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