Baku, Azerbaijan, Sept. 3
By Anvar Mammadov - Trend:
Leading specialists of Iran's Khazar Exploration and Production Co. (KEPCO) had a discussion with the first vice president of Azerbaijan's state oil company SOCAR Khoshbakht Yusifzadeh about their visit to Azerbaijan, said SOCAR on its website.
Iranian company's delegation, who arrived in Baku in late August, also reviewed the promising areas of cooperation with Azerbaijan in the oil and gas sector.
SOCAR said the members of KEPCO delegation led by the company's director for exploration affairs, Yousef Etemadi spoke about their meetings with Azerbaijani colleagues from the Geology and Geophysics Department, the Oil and Gas Research and Design Institute, and the Azneft Production Union of SOCAR.
Etemadi said that the new technologies used in Azerbaijan's oil and gas industry are of great interest in Iran.
He noted that during the meeting, Iranian specialists exchanged views with Azerbaijani colleagues who have great experience in searching, exploring and developing offshore and onshore oil and gas fields, became familiar with technical and technological procedures conducted by them and touched upon the possibility of joint cooperation.
"We are very interested in the work of Azerbaijani land-surveyors and hydrographers," Etemadi said. "The occurrence of mud volcanoes and their impact on the drilling work, the exploration of deep-sea gas hydrates and assessing of their reserves, joint study of modern computer programs used in the oil and gas industry were determined as promising areas of cooperation between Azerbaijani and Iranian oil industry workers. The joint research of regional seismic data and study of the general stratigraphy and structural-tectonic features, as well as other issues were also among these areas."
In his turn, Yusifzade said that cooperation in the oil and gas sphere between Azerbaijan and Iran has long history. He also stressed the importance of using the joint cooperation opportunities between Azerbaijan and Iran in the field of exploration and development of oil and gas fields after a long break.
"There are very good prospects to strengthen relations in the energy sector between our countries," said the first vice-president of SOCAR, stressing the importance to further hold such meetings. "I am confident that the relations in this sphere will strengthen the economic development of our countries."
It was earlier reported that in August 2014, an Azerbaijani delegation led by the first vice-president of Azerbaijani State Oil Company (SOCAR), academician Khoshbakht Yusifzadeh visited Iran at an invitation from Iran's Khazar Exploration and Production Company (KEPCO).
A memorandum of understanding was signed between SOCAR and Iranian KEPCO following the meeting and negotiations. The importance of periodic bilateral meetings and exchange of experience for the development of cooperation in the oil and gas sector was noted in the memorandum.