Iran opens three new oilfields as it boosts output
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
DUBAI (Reuters) - Iran opened three oilfields with a total production of more than 220,000 barrels per day (bpd) on Sunday, as the country ramps up its production after the lifting of sanctions.
President Hassan Rouhani officially launched the first phases of the Yadavaran and North Azadegan fields as well as the North Yaran field, which are shared with neighboring Iraq, the Iranian oil ministry's news agency SHANA reported.
Yadavaran will have a production of up to 115,000 bpd in its first phase and North Azadegan's output is 75,000 bpd, SHANA said.
North Yaran will initially produce 30,000 bpd, the news agency reported last week.
(Reporting by Dubai newsroom; Editing by Elaine Hardcastle)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Egypt refers two officials to court for migrant boat capsizing
- Egypt's top constitutional court upholds law restricting street protests
- China's Xi says military must be smaller, but more capable