Breaking News

Asia Today ISSN 1861-4604 Monday, January 22, 2018


Development of joint oilfields with Iraq-Iran’s high-priority

The project targets producing 550,000 barrels of crude oil per day.

Share on Facebook June 15, 2016, Reporter : Trend, Reader : 405


Baku, Azerbaijan, June 15 By Fatih Karimov - Trend: Iran has made significant progress in development of the West Karoun oil fields which are shared with Iraq.

Yadavaran, North Azadegan, South Azadegan, North Yaran, and South Yaran oil fields are dubbed West Karoun oil fields.

According to an oil ministry report obtained by Trend the development of the first phases of both North Azadegan (with targeted output of 75,000 barrels of oil per day) and Yadavaran (aimed at producing 85,000 barrels of oil per day) are almost completed, ready to come into force.

The latest development situation of West Karoun oil fields


Progress by Aug. 2013(%)

Progress by March 2016(%)

Physical progress under President Hassan Rouhani's administration

Yadavaran (phase 1)




North Azadegan (phase 1)




South Azadegan (phase 1)

Chinese contractor dismissed in 2015. Currently drilling wells are undergoing. The project was completed by 20.1 percent by March 2016.

South Yaran




North Yaran




(since March 2014)

The Economy Council of Iran has approved the development of West Karoun oil fields as the largest joint oil fields development plan. The project targets producing 550,000 barrels of crude oil per day.

It was earlier announced that the country plans to boost its oil production to 5.7 million barrels per day by 2021.

More Euro Asia news of the month

Photos Here’s how Facebook will access trustworthy news on its feed

CALIFORNIA, U.S. - In a bid to crack down on a problem that has gripped the world’s biggest social network for over a year now,...

Photos Thousands mark anniversary of Women’s March across America

WASHINGTON, U.S. - A year after millions of women demonstrated in Washington, DC and in cities around the U.S. and the world, a day...

Photos Media, analysts outraged, amused by Trump’s Fake News awards

WASHINGTON, U.S. - After several delays, U.S. President Donald Trump finally released his Fake News Awards, tweeting out a list of...

Photos Trump denies crude comments, Africa vows diplomatic protest

Despite repeated denials from both himself and his administration, the U.S. President Donald Trump repeated his claim that he is not a...

Photos MLK Day: Protesters criticize Trump as he breaks tradition

FLORIDA, U.S. - U.S. President Donald Trump marked Martin Luther King Jr. Day breaking with Presidential tradition, visiting his golf...

Photos Trump's shithole scandal: World leaders call Trump a racist

While the U.S. President Donald Trump has outrightly denied making derogatory comments about certain countries and immigrants from those...

Photos Trump likely to impose new set of sanctions targeting Iran

WASHINGTON, U.S. - U.S. President Donald Trump is widely expected to continue to suspend key sanctions on Iran, eventually avoiding...

Photos Trump open to talks with Kim Jong Un on nuclear weapons

WASHINGTON, U.S. - After shunning him as the little rocket man, now the U.S. President Donald Trump has expressed interest in holding...

Photos Stars shine bright as white takes over at #CriticsChoice awards

Golden Globes kicked off the 2018 award season in style and it is quickly being followed by another big star-studded event honouring the...

Flying Reimagined

Stock Index

Monday, January 22, 2018

Life Style

Photo Gallery