TEHRAN, June 19 (Shana) – Iran’s crude oil recovery from Forouzan Oilfield, which it shares with Saudi Arabi in Persian Gulf waters, has reached 763 million barrels, 24% of the field’s total oil output.
Iran enjoys only 11% of the field but has so far recovered 24% of its total crude oil output.
Meanwhile, Saudi Arabia has recovered 2.360 billion barrels of crude oil from the field.
The Iranian Offshore Oil Company (IOOC) is currently recovering 38,000 b/d from the field, while Saudi Arabia is extracting only 190,000 b/d given its facilities to recover 400,000 b/d from the field.
By SHANA
Source Article from http://theiranproject.com/blog/2016/06/19/iran-extracts-763-mb-joint-oilfield-saudi-arabia/
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