The Iranian Offshore Oil Company (IOOC) says production of crude oil from Abouzar Oilfield will increase by 12,000 barrels/day from roughly 0.2 mbd once the company starts operation of two newly-installed platforms in the offshore field.

Managing director of National Iranian Oil Company (NIOC) Ali Kardor said the contract for developing Iran's Mansouri Oilfield will be finalized by early March, adding two companies have been selected for the project.