Azerbaijan, Iran mull prospects for joint oil production
Baku, Azerbaijan, Nov.30
The State Oil Company of Azerbaijan (SOCAR) and National Iranian Oil Company (NIOC) have discussed the possibilities of implementing joint projects for exploration and production of oil and gas in the third countries as well, said the message from SOCAR.
The discussions were held in Tehran during the visit of SOCAR's president Rovnag Abdullayev to this country.
During the visit to Iran Nov.28, Abdullayev held meetings with this country's Oil Minister Bijan Namdar Zanganeh and head of NIOC Rokneddin Javadi.
"The sides discussed the possibilities of cooperation in various areas, in particular, swap operations on oil and gas, trading operations, as well as the projects in the sphere of petrochemistry," said the message.
Earlier, Azerbaijan's Energy Minister Natig Aliyev said that Iran shows interest in Azerbaijan's offer to use its infrastructure for transporting energy resources to world markets.
NIOC holds 10-percent share in the project for developing the Shah Deniz gas and condensate field in the Azerbaijani sector of the Caspian Sea.
Edited by SI