Tag Archives | Caspian Sea

Caspian States start Neighbourhood Watch for the Environment

Caspian littoral states agree to start neighbourhood watch for the environment Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states. High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact […]

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 […]

Russian Company to Survey Iranian Caspian

By John Lee. Russia’s Geology Without Limits (GWL), in conjunction with the Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT), plana to acquire 4 800 km of 2D seismic, gravity and magnetic data in the Iranian sector of the Caspian Sea. The survey will be completed in Q3-Q4 2017 and […]

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 […]

Iran’s Priciest Export at risk

By Zahra Alipour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the […]

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 […]

Caspian Water Transfer Project under Consideration

A major project to channel water from the Caspian Sea to Iran’s central, arid province of Semnan is still under consideration, vice president and head of the Environmental Protection Organization of Iran, Masoumeh Ebtekar, said. Speaking to the Tasnim News Agency on Wednesday, Ebtekar explained that special committees are regularly holding sessions to evaluate the […]

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. […]

IRGC Firm Ready for Caspian Water Transfer Project

Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), expressed readiness to embark on a project on channeling water from the Caspian Sea to the central parts of Iran. Speaking to the Tasnim News Agency on Wednesday, commander of the base General Ebadollah Abdollahi said plans for the giant water […]

Iran’s ‘Suez Canal’, Connecting Caspian Sea and Persian Gulf

By John Lee. Sputnik reports that one of the most ambitious initiatives that Tehran plans to launch is an artificial channel linking the Caspian Sea and the Persian Gulf. The project, which according to the report is expected to be completed in the 2020s, is described as particularly interesting for Russia due to the deterioration […]

Meliá Hotels Announces New 5-Star Hotel in Iran

Meliá Hotels International has announced its entry into the Iranian market with the first five-star branded hotel to be managed by an international hotel company. The Gran Melia Ghoo Hotel, located in the largest mixed residential, commercial and hotel complex to be developed in Iran, currently being built in Salman Shahr, a popular holiday destination […]

Caviar Back on the Market as Sanctions Begin to Ease

Associated Press reports that an ambitious project on the shores of the Caspian Sea hopes to produce caviar, boosting Iran’s economy as sanctions ease. Iran sold more than 40 tons of sturgeon eggs in 2000, but xports fell to just 1 ton last year due to dwindling fish stocks and trade sanctions. “We hope that […]