Press TV - Iran may approve plans for early production of oil from a major hydrocarbon reserve in the Caspian Sea, a first for a country where crude has been pumped for more than a century from wells located in the southeast and offshore in the Persian Gulf. A contractor operating exploration and drilling activities in the Iranian waters in the ...

IRNA- Iran welcomes contribution of powerful foreign companies to development of oil industry in the Caspian Sea, said an Iranian official on Saturday. Addressing a group of his personnel, Managing Director of the Caspian Oil Company Ali Osuli said, 'We will gain better results in the oil and gas sectors in the Caspian Sea in case of cooperation ...

TEHRAN, Nov. 07 (Shana) Iran and Brazil have agreed to set up a Joint Oil Committee to expand bilateral cooperation as new round of negotiations with Petrobras started discussing deepwater exploration and drilling, said managing director of the Khazar Exploration and Production Company (KEPCO). Ali Osuli said KEPCO has been invited to the committee ...

TEHRAN, Nov. 04 (Shana) Iran is going to unveil four projects related to oil fields in its Caspian Sea waters, said the managing director of the Khazar Exploration and Production Company (KEPCO). Four exploration, production, and development projects including development of Sardar Jangal field will be introduced to participants of the upcoming ...

Iran's Caspian National Oil Company CEO Ali Osuli has announced new exploration operations to be undertaken in the Golestan Province near the border with Turkmenistan. If these explorations lead to considerable results, the need to import gas from neighbor countries will be obviated, Osuli stated. He said that the explorations are 90 percent sure ...