Tag Archives | Caspian Sea fields

ORG submits studies on Caspian Fields to NIOC

Norway’s ORG has submitted the result of its studies on Sardar Jangal and the three exploration blocs of 24, 26 and 26 of the Caspian Sea to the National Iranian Oil Company (NIOC). The Norwegian company offered the studies on the fields to NIOC in a meeting held with NIOC Deputy CEO for Engineering and […]

Lukoil, NIOC sign MoUs on Caspian Sea Oil Project

The National Iranian Oil Company (NIOC) and Russian energy giant, Lukoil, have signed two MoUs for carrying out geological studies on oil projects in the Caspian Sea. The documents were signed in Moscow in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh and Lukoil Managing Director Vagit Alekperov in Moscow […]

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 […]

Petrobras may Explore in Caspian Sea

Brazil has expressed an interest in looking for hydrocarbon reserves in the Iranian share of the Caspian Sea. This was announced by Brazil’s Ambassador to Tehran Rodrigo de Azeredo Santos in a meeting with Yousef Etemadi, the acting managing director of Iran’s Khazar Exploration and Production Company (KEPCO). Santos emphasized that Brazil’s Petrobras was ready […]

FDI Needed for Developing Khazar Oilfields

Iran says foreign direct investments (FDI) would be needed for developing oil fields in Caspian Sea. Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said foreign investors and developers would engage in development of oil and gas fields in the Caspian Sea in the wake of the eased sanctions on Tehran’s economic […]

Oil Chopper crashes in Caspian Sea – 5 Dead

A helicopter that crashed in the Caspian Sea early Sunday was a Mil Mi-17 chopper in possession of the Islamic Revolution Guards Corps (IRGC) Aerospace Force, and four of the five victims were servicemen, IRGC spokesman announced. According to Head of the IRGC Public Relations Department General Ramezan Sharif, the IRGC helicopter was at disposal […]

Production of Oil from Caspian Sea “Not a Priority”

Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not a priority. Speaking in the Majlis (parliament) public meeting, he said that oil recovery from the Caspian Sea is on the agenda but it needs special equipments and experience to extract oil in deep waters of this region. […]