"Operations will start by in the next three to four months to produce 25,000 bpd oil from the field. The total production from the field will reach 50,000 bpd by March 2008," said Nozari in an interview with reporters on the sidelines of a ceremony to sign a contract with Belarus for development of Jofeir oil field.
He said in situ oil reserves in four southern fields of Azadegan, Jofeir, Yadavaran and Darkhoein stood at 60 billion barrels.
He added that the first phase of the project for development of Darkhoein oil field has been put into operation and the second phase is in executive stage. Darkhoein oil field produces 53,000 to 54,000 bpd oil and the figure is expected to reach 100,000 bpd in two months and to 160,000 bpd by May 2008.
Via: Islamic Republic News Agency
Belarus Seals Agreement to Extract Iranian Oil
Iran signed a contract with Belarus on Wednesday that will allow Minsk to extract oil from the Islamic state's southern Jofeir oil field, the oil ministry's news web site reported.
Shana news agency said the deal, with a value of at least $450 million over two phases, was the "first amended buy-back contract" and aimed to produce 40,000 barrels of oil per day from the Jofeir deposit.
"The contract to develop Jofeir oil field was signed with Belorusneft this morning. ... The contract will be implemented in 24 months," Shana reported.
The agreement was first announced in May when Iranian President Mahmoud Ahmadinejad visited Belarus, and officials in Iran said later that month that they hoped to finalize the deal in two weeks' time.
Iran is keen to attract foreign investment to develop its energy sector, and Belarus is seeking new sources of energy for its economy amid frosty relations with Russia.
Foreign firms often complain about the terms of Iran's buy-back deals, which they say are not particularly generous. Shana did not make clear how the deal had been amended.
The United Nations has imposed two rounds of limited sanctions on Tehran since December over its disputed nuclear activities. Belarus has defended Iran's right to pursue its nuclear program.
