He said most of the company's oil output is exported and some of it is sent to Abadan Refinery for processing.
Iran's oil recovery from join oilfields in West Karoun region has risen from 65,000b/d in 2013 to over 260,000 b/d under the Rouhani Administration.
Arvandan Oil Field, a newly-established burgeoning oil company in Iran, is now operating fields with a total oil deposits of 1 billion barrels.