KEPCO, SOCAR discuss Caspian Oil Cooperation

Directors of Iran’s Khazar Exploration and Production Company (KEPCO) and the State Oil Company of the Azerbaijan Republic (SOCAR) met to discuss oil cooperation in the Caspian Sea region.

Mohsen Delaviz, KEPCO managing director, and SOCAR’s Rovnag Ibrahim Abdullayev met in Baku to discuss cooperation in energy projects in the region.

During the meeting, Delaviz said, “There are vast grounds for enhancing relations between the Islamic Republic of Iran and the Republic of Azerbaijan for cooperation in the energy sector which can lead to economic progress for the two countries.”

He said grounds are ready for cooperation of the two countries in oil projects in the Caspian Sea, stressing continuation of talks between the two companies.

(Source: Shana)

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