They say that the ratio in some Iranian oilfields including Soroush is 7 percent and in some others like Ahvaz is up to 35 percent.
As rotating member of National Iranian Oil Refining and Distribution Company (NIORDC) says in some countries this percentage has raised to 48. Even some oil producing countries in the Middle East which in terms of quantity possess reservoirs potentially equal to Iran have been able to reach higher percentages.
Based on the same information by employing the brand new technologies, Norway currently has boosted the recycle ratio of its oil production to 65 percent.
By the end of the Fifth Development Plan, Iran is supposed to add 2.5 percent to its recovery factor ratio. Even so, the Islamic Republic would still lag so much behind the other countries.
With a 24 percent recovery factor ratio and by taking into account the volume of Iranian crude oil reserves which is estimated to be 560 billion barrels, the country can actually produce 134.4 million barrels. But if the modern technologies are employed, the recovery factor ratio will rise to 48 percent and Iran's production will be doubled to 268.800 billion barrel.
At the moment each barrel of Iran's crude oil is sold 65 dollars. With a 24 percent recovery factor ratio, the country's total oil revenues will be about 9 trillion dollars. But through applying the brand new technologies and reaching to a 48 percent recovery factor ratio, the country's oil earnings would be increased by 18 trillion dollars.
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