Iran has a plan to increase recoverable oil from Azadegan oilfield in southwestern Khuzestan province, Iran's Petroleum Minister Bijan Namdar Zanganeh said on Sunday, Press TV reported.
Oil recovery rate from the Azadegan oilfield, a joint field located on the border with Iraq, will increase from the current six percent to 10 percent of recoverable oil, Zanganeh was quoted as saying.
He said this success would mean an increase of around 3.5 billion barrels of oil, which is a significant figure.
Zangeneh said that the academia in Iran has become a major part of development plans in the oil and gas sector.
Editor:Cherie
