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National Iranian Oil Company clarifies some issues in oil-gas sector

Oil&Gas Materials 29 November 2021 09:30 (UTC +04:00)
National Iranian Oil Company clarifies some issues in oil-gas sector

BAKU, Azerbaijan, Nov. 29

By Elnur Baghishov – Trend:

Iran has not conducted discussions with any country on the structure of Iran's Chalus gas field in the south of the Caspian Sea, new Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojastamehr said in a press conference, Trend reports citing the Shana News Agency.

The CEO stressed that so far, no official figures have been announced for the field's reserves. This field was discussed only at the level of specialists.

Khojastamehr added that Iran attaches importance to constructive cooperation with neighboring countries instead of preventing competition. Iran's oil and gas reserves in the Caspian Sea are within the existing legal status.

“In addition, Iran is conducting discussions with Chinese companies on the development of oil fields,” he said.

The deputy minister noted that discussions with Chinese companies have not yet reached a final agreement. When a final agreement has been reached, it will be made public.

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