Four joint oil field projects are to be implemented in collaboration with Oman in the Strait of Hormuz, a senior Iranian oil official has said.

The Managing Director of the Offshore Oil Co., Mahmoud Zirakchian, said that the four fields called Hormuz A, B, C and D, have high-quality oil reserves and have a capacity to produce 80,000 barrels per day.

Oman is willing to invest in development of the four oil fields and we expect to work out the project together, Zirakchian concluded.

MPR/GM/RA