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Iran's south pars field has begun oil production


Oil wells at Iran's South Pars gasfield started production for the first time on Sunday,Iranian oil ministry news agency shana reported.South Pars is a part of the world's largest gasfield which Iran shares with Qatar.South Pars also has more than 14 billion barrels of oil reserves,it said.
Gholamreza Manouchehri,deputy head of the National Iranian Oil Company (NIOC),said on Sunday that the wells are expected to initially produce 5,000 barrels per day and that should increase to 35,000 bpd within a week,Shana said.