83534
Tehran, Baku Hopeful of Expanding Oil, Gas Ties
Tehran, Baku Hopeful of Expanding Oil, Gas Ties
Wednesday, March 14, 2018

Tehran, Baku Hopeful of Expanding Oil, Gas Ties

Wednesday, March 14, 2018

Tehran, Baku Hopeful of Expanding Oil, Gas Ties

Iran's Oil Minister Bijan Namdar Zanganeh and Azerbaijan’s Minister of Economy Shahin Mustafayev discussed the prospects of promoting oil and gas cooperation in Tehran on Tuesday. The ministers met during a visit by an Azerbaijani economic delegation to Iran from March 12 to 14, participating in the 12th meeting of Iran-Azerbaijan Intergovernmental Commission for Economic, Trade and Humanitarian Cooperation, Shana reported. Describing the latest round of talks on joint exploration as "promising", Zanganeh hoped that the two countries can clinch long-term oil and gas contracts in the near future. The official was referring to negotiations over tapping into the hydrocarbon reserves of Caspian Sea. As the world's biggest lake, it holds an estimated 48 billion barrels of oil and more than 8 trillion cubic meters of natural gas in proven and probable reserves. The official also pointed to joint efforts between Azerbaijan's state oil company SOCAR and the National Iranian Oil Company, and said boosting the two companies' collaborations is high on his ministry's agenda.  

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/xrPLkg
03/14/2018
  1. https://goo.gl/srGHxX
  • https://goo.gl/a5eCyh
  • https://goo.gl/YbKc7m
  • https://goo.gl/xmeSu2
  • https://goo.gl/jW1186

You can also read ...

Russia Oil Minister, Zanganeh Discuss Cooperation in Moscow
Russian energy minister Alexander Novak discussed bilateral...
OPEC: India Oil Demand Rising Rapidly
India’s oil demand is expected to rise by 5.8 million barrels...
Oil Trading Listed on Iran Energy Exchange
Iran officially started spot oil trading on its energy...
Concern Over Loss of Qom Salt Lake
Namak (Salt) Lake in Qom Province is drying up and if it is...
Iran Petrochem Export Revenue in 6 Months Reaches $6.3b
Petrochemical output reached 27.3 million tons in the first...
Zanganeh: Sanctions Undermine International Oil Market
Inadequate supplies are posing serious challenges to the...

Add new comment

Trending

Googleplus