February 07 2020
The estimated amount of oil that can be extracted from the Azadegan oilfield has risen by 3.5 billion barrels due to an innovation by experts at the University of Tehran, Oil Minister Bijan Namdar-Zanganeh said.
Zanganeh did not provide additional details about the innovation when he spoke January 25.
“Today the head of the University of Tehran gave good news and announced that this university guarantees that the rate of oil recovery from the Azadegan field, which was previously 5 percent to 6 percent can be increased to 10 percent. This success means an addition of approximately 3.5 billion barrels to the extractable reserves from this field,” Zanganeh said.