0356 GMT July 22, 2019
Given the rise in oil recovery from North Yaran and South Azadegan oilfields in recent months, the company has attained a total output to 400,000 bpd, said Ramin Hatami, reported Fars News Agency.
He said most of the company's production s exported while a portion is sent to Abadan Refinery.
The company produces 30,000 bpd from North Yaran oilfield.
Iran's oil recovery from joint oilfields in West Karoun region has increased from 65,000 bpd in 2013 to over 260,000 bpd since President Hassan Rouhani took office in August 2013.
President Rouhani launced the first phase of the development of Yadavaran and North Azadegan as well as North Yaran oilfields in November.
Arvandan Oilfield, a newly-established burgeoning oil company in Iran, is now operating fields with total oil deposits of one billion barrels. More than half of the company's fields are shared with Iran's neighbors.