Development of Heavy Oil Blocks Initiated
Iran enjoys 18 heavy oil blocks that the development of which will have a paramount effect on energy market and will increase the share of the country.
In an interview with Mehr News Agency, the planning officer of the National Iranian Oil Company (NIOC) said that Oil Petroleum Exporting Countries (OPEC) member countries have been known for abundant volume of light oil, which mounts up about two thirds of the oil in the Middle East.
However, due to the rise in exploitation of light oil reserves and the high demand in international oil markets, the light oil reserves are to end up in decades to come, said Mohammad Ali Emadi.
He added that the probable shortfall of light oil reserve has provoked the countries to initiate exploitation of heavy oil reserves although the latter is of less value.
According to him, Iran currently enjoys 18 heavy oil blocks and to take proper and contingent measures for further develop them is unquestionable.
He stressed that since six years ago, NIOC has started its research and explorations within the framework of a long term plan in order to turn Iran into one of the heavy oil exporters in near future.
Referring to the oil blocks, he said that Mond, Zagheh and Ferdows are among the major heavy oil reserves of the country, adding that an admirable investment has been made on these fields. HK/IS END MNA