IRAN

Iran Plans March Azar Start-Up

Iran is moving forward with plans to hasten production from fields shared, or thought to be shared, with neighboring countries.

State company PEDEC is targeting first production from the 2.5bn barrel Azar oil field by the start of the upcoming Iranian year (20 March 2016-20 March 2017), senior reservoir engineer Keyvan Yarahmadi says.

The field is thought to be a continuation of Iraq’s 3bn barrel Badra field which is operated by Russia’s...