Saudi Says OPEC Consensus Output Cut 'Imperative', Iran Opens 3 New Oilfields

تم نشره في Sun 13 November / Nov 2016. 01:00 AM
  • Saudi Arabia's Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. - (REUTERS)

CAPITALS — Saudi Energy Minister Khalid Falih said it was imperative for OPEC members to reach a consensus on activating the September oil production cut deal struck in Algiers, according to Algeria's state news agency APS on Sunday, while Iran just opened three oilfields with a total production of more than 220 thousand barrels per day (bpd).

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 neighbouring Iraq, the Iranian oil ministry's news agency SHANA reported.

A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf - (Reuters)

Yadavaran will have a production of up to 115 thousand bpd in its first phase and North Azadegan's output is 75 thousand bpd, SHANA said.

North Yaran will initially produce 30 thousand bpd, the news agency reported last week.