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Rouhani inaugurates production at new oil fields

Officially inaugurating production at three new oil fields, Iran’s president announced that the country is seeking to attract foreign investors to increase its oil output and benefit from the lifting of international sanctions.
Iran President Hassan Rouhani attends during news conference in Rome, Italy, January 27, 2016. REUTERS/Alessandro Bianchi - RTX246QU

On Nov. 14, the official opening of three new oil fields in the oil-rich southwestern Khuzestan province received mixed coverage in Iranian media. While Reformists hailed the boost in oil production in the post-sanctions era, conservatives focused on President Hassan Rouhani’s speech regarding youth unemployment.

On Nov. 13, Rouhani officially inaugurated the first phases of the Yadavaran and North Azadegan fields as well as the North Yaran field, which are shared with Iraq. These oil fields provide a total production of more than 220,000 barrels per day.

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