Middle East Economic Survey

VOL. XLVII

No 31

02-August-2004

IRAN

Irans Offshore Oil Production Capacity Reaches 700,000 B/D

Irans offshore oil production capacity has reached 700,000 b/d, according to a 27 July report by the National Iranian Oil Companys (NIOCs) PIN news service. The report said that Iranian offshore fields had yielded more than 90mn barrels of crude since March. Irans offshore production averaged 621,000 b/d in 2003, compared with 529,000 b/d in 2002 (MEES, 7 June).

The production...