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April 29th, 2012 
FAKE NEWS for the Zionist agenda Ahmad Qalebani said Sunday that signing contracts for the development of joint oil and gas fields started in the last Iranian calendar year (ended March 19) and will continue until the end of the current Iranian calendar year (started March 20, 2012).
“Developing joint [hydrocarbon] fields is a priority for the developmental projects of the [Iranian] Oil Ministry,” the official was quoted by IRNA as saying.
Qalebani added that developing independent fields would only be undertaken if there is an interested investor or if concluding buyback contracts is possible.
NIOC’s managing director stated that Iran has produced 4 million barrels per day (bpd) of crude oil in the last Iranian calendar year (ended March 19).
“We hope that by implementing development projects in a number of [oil and gas] fields and conducting [gas and water] injection operations on other fields, the country’s oil production will hit 4.1 million barrels per day in the current [Iranian calendar] year,” he said.
Qalebani went on to say that based on current plans, the country’s oil output should reach 4.5 million bpd in 2013, 4.6 million bpd in 2014, and 5.1 million bpd in 2015.
Iran shares oil and gas fields with most of its neighbors in the Persian Gulf region as well as with Turkmenistan in the Caspian Sea.
Energy officials in Tehran said in July 2011 that as much as 35 percent of the country’s energy development budget would go toward the development of joint oil and gas fields.
Having the world’s third-largest proven oil reserves and the second-largest natural gas reserves, the country has moved in recent years towards becoming a major exporter of refined oil and petrochemical products.
SS/PKH/HGH/IS
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