
TEHRAN, March 19 (UPI) -- Iran is pursuing a national policy of extracting crude oil from shared oil fields as part of an effort to expand overall production, an official said.
Mahmoud Zirakchian-Zadeh, managing director of the Iranian Offshore Oil Co., said getting crude from oil fields along its borders was a national priority. Oil production from shared fields, he said, increased 10 percent last year.
"Iran still insists on its positive diplomacy of expansion of Arash oilfield and it is ready to cooperate with the brother, Muslim, and neighboring country of Kuwait," he was quoted by the official Islamic Republic News Agency as saying.
Zirakchian-Zadeh early this year said partnerships were favorable to competition but noted Iran would go it alone if Kuwait wasn't ready to work with Tehran.
Iran estimates the Arash field, known on the Kuwaiti side as Dorra, holds an estimated 310 million barrels of oil.
Iran and Kuwait haven't agreed on a maritime border. Kuwait has explored its part of the field through a joint venture with Saudi Arabia.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 23 (UPI) --
U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.
|
TUCSON, May 23 (UPI) --
Raytheon has received approval from the U.S. Defense Acquisition Board for full-rate production of the Standard Missile-6.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption