Known as the largest strategic onshore gas producer in Iran, ICOFC has been assigned the mission to develop onshore fields located in the provinces of Lorestan, Kurdestan, Kermanshah, Markazi, Qom, Ilam, Khorasan, West Azarbaijan, East Azarbaijan, Ardebil, Fars, Bushehr, Hormuzgan, Chahar Mahal and Bakhtiari and Khuzestan.

Iranian Central Oil Fields Company has planned to implement a $600-million to construct pressure boosting stations to ensure sustainable gas supply to refineries in the country’s central regions.

Sumar oil field, which was discovered in 2009 in the western province of Kermanshah, is jointly owned by Iran and Iraq. It holds 475 million barrels of crude oil in place, 70 million barrels of which is recoverable.

Danan oil field in Ilam Province is located along Iran’s border with Iraq. It lies 80 kilometers northwest of Andimeshk and 30 kilometers southeast of Dehloran. The field incorporates Bangestan and Asmari reservoirs.

Gas reproduction from Shourijeh D storage facility, which is the only gas storage facility in the Northeast part of the country and the largest storage facility in the Middle East has increased by 43% compared to the same period last year.

Iranian Minister of Petroleum Bijan Zangeneh said the fate of all Iranian joint oil and gas fields would be determined by the end of Iranian President Hassan Rouhani’s term as president.

Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field.

ICOFC has inked a €125-million Engineering Procurement, Construction and Financing (EPCF) deal with an Iranian company for implementing a project that would prevent 82 million square feet of gas flaring every day.

Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field.

The CEO of the Iranian Central Oil Fields Company announced that comprehensive study of 8 ICOFC fields would be awarded to local companies.