Iran’s Soroush and Nowrouz oilfields in the Gulf should hit 190,000 barrel-per-day output (bpd) by mid-May, bringing Tehran closer to meeting its Opec quota, Oil Minister Kazem Vaziri-Hamaneh said.
The Soroush and Nowrouz fields, developed by Royal Dutch Shell, were meant to come onstream two years ago but were delayed by problems with equipment and desalination.
Their full target capacity is 190,000 bpd.
“If the Soroush and Nowrouz oilfields are completed and reach maximum production, we will get closer to our Opec quota. We hope this will happen by mid-May,” Vaziri-Hamaneh said.
Iran is Opec’s number two producer with a quota of 4.11 million bpd. A survey says actual production is 3.85 million bpd.
Despite ambitious plans to increase crude output, Iran is unable to attract the investment needed to develop major fields. Former oil minister Bijan Zanganeh said last year Iran's oil output was declining by up to 400,000 bpd each year.
Vaziri-Hamaneh also said he hoped negotiations with Japan's Inpex over the development of the huge Azadegan oilfield in southwest Iran could be tied up soon.

