Iranian Oil Minister Bijan Namdar Zanganeh highlighted a jump in crude extraction from joint oilfields over the past couple of years, saying Iran is by no means lagging behind the neighbors in this race.
Addressing a parliament session on Tuesday, Zanganeh said the administration has prioritized development of the joint oilfields considering the sanctions over the past 7 years.
Iran is not lagging behind the neighbors in the joint oilfields, the minister underlined, saying the output at the West Karun oilfields has risen from 70,000 to 400,000 bpd.
He also pointed to a jump in the South Pars gas field output, saying the large complex is now producing 700 million cubic meters of gas per day.
Zanganeh said his ministry is resolved to increase oil and gas production in the joint fields, boost gas exports, support domestic knowledge-based companies and deal with the oil sanctions.