Iran starts exports from South Pars oil layer
TEHRAN – Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week. Hamid Bovard, the managing director of Iranian Offshore Oil Company (IOOC), made the remarks in a press conference on the sidelines of Iran Oil Show 2017 in Tehran. The official said that 25,000 barrels of crude is extracted from the South Pars oil layer, located in the Persian Gulf, on a daily basis, IRNA reported on Monday. “We are negotiating for the development project of the layer’s second phase,” Bovard added. ...
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