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Iran: Oil Survey in Caspian Sea Will Not Stall

Iran: Oil Survey in Caspian Sea Will Not Stall Legal Issues

K hazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said.

Speaking in a meeting in Tehran at the weekend, Ali Osuli said better results can be expected if international companies join the oil and gas projects in the Caspian Sea region “but we will not wait for them and continue our projects with the use of domestic talent,” the Oil Ministry news portal, Shana, reported.

KEPCO, a subdivision of National Iranian Oil Company, is an authority in exploration, development and production of oil and gas in the south of Caspian Sea (shared by Iran, Russia, Azerbaijan, Turkmenistan and Kazakhstan) and Iran’s three littoral provinces,  Mazandaran, Golestan and Gilan.

source : Financial Tribune

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