Iran, Norway Discuss

Deepwater Oil Discovery

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Deepwater Oil Discovery
An expert meeting was held in Tehran between a visiting Norwegian delegation and executives of Khazar Exploration and Production Company (KEPCO) to explore avenues of petroleum cooperation now that the international sanctions on Tehran’s unclear program are lifted.
An expert meeting was held in Tehran between a visiting Norwegian delegation and executives of Khazar Exploration and Production Company (KEPCO) to explore avenues of petroleum cooperation now that the international sanctions on Tehran’s unclear program are lifted. Norwegian ambassador to Tehran, who attended the meeting, voiced his country’s interest to engage in trade cooperation with Iran, saying that a favorable opportunity has risen for restoring cooperation between the two countries. Norheim Aud Lise said after removal of the sanctions, trade level between Iran and other countries will enhance and therefore, the coming years will be of utmost significance in terms of enhancing economic activities. For his part, KEPCO acting managing director Farhang Khatibi underlined the vast potentialities for expansion of ties between Iran and Norway in the energy sector which will be economically useful for the two countries.
Feb 10, 2016 12:11
Number of visit : 13

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KEPCO amid many other companies is a subdivision of National Iranian Oil Company (NIOC) founded in January 1998. KEPCO is an authority in exploration, development and production of oil and gas in Iran concerning South Caspian Sea and three littoral provinces of Golestan, Mazanderan and Gilan in Iran. KEPCO supervises all the contracts signed by local and international companies regarding exploration and development of hydrocarbon reserves in the area including the pertinent environmental matters. KEPCO is committed to the development of Caspian Sea oil and gas reserves as well.