Focus on Caspian Sea Oil/Gas Swap
TEHRAN (Shana) -- Iran enjoys great potential for delivering oil, gas and petroleum products to regional and global markets, due to its geographical position and potential energy and mining reserves. Having such potential in mind, efforts have started to put the country on the path to becoming the energy hub of the region. The first step was the signing a gas swap agreement for the delivery of Turkmenistan’s gas to Azerbaijan via Iran’s territory. Now, as the 13th administration is in its second year in office, the focus is on exporting products, bartering and swapping via the Caspian Sea, in which case, cooperation is planned with foreign firms including Russian companies.
18 January 2023 - 8:38
The agreement between Iran and Baku for the development of joint fields in the Caspian Sea in the form of a joint committee
The Oil Minister of Iran with referring to the transfer of 2 bcm gas from Turkmenistan to the Republic of Azerbaijan through Iran, announced a doubling of the volume of gas transmission.
8 June 2022 - 13:26
Iran, Azerbaijan to Boost Gas Trade
BAKU (Shana) – Iranian Minister of Petroleum referred to two billion cubic meters of Turkmenistan gas swap to the Republic of Azerbaijan via Iran’s territory, announcing the gas transmission volume is to double.
6 June 2022 - 12:12
Iran, Russia Sign Three Cooperation Documents
SHANA (Tehran) – Iran and Russia here on Wednesday signed three cooperation documents.
1 June 2022 - 10:53
The cooperation between KEPCO and NIOC Exploration directorate was emphasized.
In a meeting between the CEOs of the KEPCO and the NIOC Exploration directorate, cooperation strategies to develop the operations of the oil industry in the north of the country were discussed.
15 March 2022 - 14:41
Signing a memorandum of understanding for development of joint cooperation between NISOC & KEPCO
At joint meeting of the managers of the NISOC & KEPCO, a memorandum of understanding was signed for the development of exploration activities in the Caspian Sea.
22 January 2022 - 14:02
Turkmenistan determination to develop cooperation with Iran
Rashid Murdov Turkmenistan foreign Minister told: we hope to develop Caspian oil fields with Iran cooperation in the near future.
9 January 2022 - 13:59
Iran, Turkmenistan, Azerbaijan Strike Gas Swap Deal
TEHRAN (Shana) – A three-way agreement on gas swaps from Turkmenistan to the Republic of Azerbaijan from the territory of the Islamic Republic of Iran was signed in the presence of the Presidents of the Republic of Iran and the Republic of Azerbaijan on Sunday.
30 November 2021 - 10:18
Constructive Cooperation instead of Constraining Competition: MOP Policy in Caspian Sea
TEHRAN (NIOC) _ The CEO of the National Iranian Oil Company emphasized on continuing exploration activities in the north and strengthening the Khazar Exploration and Precaution Company (KEPCO) to advance the goals of the oil industry.
27 November 2021 - 11:32
Tehran, Baku to Sign New Cooperation Docs
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Deputy Prime Minister of the Republic of Azerbaijan announced the signing of new documents on Tehran-Baku cooperation in the oil and gas sector in the near future.
21 November 2021 - 9:59
New Gas Hub in Northern Iran
Central Asian and European demand for gas has broadened the horizons for development of Iran' exploration blocks in the Caspian Sea. “Chalous Superstructure Drilling and Exploration” project has been assigned to Khazar Exploration and Production Company (KEPCO) with a view to forming a new gas hub in northern Iran.
8 August 2021 - 15:16
KEPCO Plans Fleet Renovation
Ali Osouli, CEO of Khazar Exploration and Production Company (KEPCO), has announced widespread planning for the renovation of the maritime fleet of the company. He said that the plan involves the Iran Amir-Kabir semi-submersible platform and Caspian vessels.
22 May 2021 - 14:10
Tehran, Ashgabat Discuss Enhanced Oil Ties
TEHRAN (NIOC) _ Strategies for expanding oil cooperation between Iran and Turkmenistan were discussed at a meeting between the CEO of the Caspian Oil Company and the Ambassador of Turkmenistan to Iran.
8 May 2021 - 14:37
A Note on the Anniversary of Oil Discovery in the South Caspian Sea Area
"Deepwater" is a new and emerging topic that has been featured in the world"s news, books, and oil and gas magazines for nearly 40 years, and experts have come up with different definitions of deep water
1 April 2021 - 23:39
Repair and re-commissioning of drilling systems of Iran Amirkabir semisubmersible rig were carried out
Repair and re-commissioning of drilling systems of Iran Amirkabir semisubmersible rig were carried out by the effort of specialist of Khazar Exploration and Production Company.
22 June 2020 - 13:07
Tests start in Sardar-e-Jangal
Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
He said one project was development of Sardar-e-Jangal oil field and another one was the continuation of exploration operations in the prioritized structures in the middle section of the Caspian Sea.He said that necessary arrangements would be made for long-term tests in Sardar-e-Jangal field in the near future.
30 December 2019 - 9:23
President in a meeting with his Azerbaijani counterpart
Deepening Tehran-Baku ties beneficial to both countries, region/ Iran ready to build power plant in Azerbaijan
30 October 2019 - 13:36
Oil and Gas Resources of Caspian Sea, a Strategic Reserve for Futures
On the occasion of government Week, Managing Director of Khazar Exploration and Production Company (KEPCO) Dr. Ali Osouli pointed to the activities and performance of his company and added, “as the largest lake in the world, Caspian Sea accounts for about 40 percent of total lake area of the world in terms of rich oil and gas reserves.”
18 September 2019 - 21:36
OPEC Extends Output Cut Deal to 2020
VIENNA (Shana) – 14 Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend the producer body’s 800,000 b/d crude oil output cut deal for the next nine months to 2020.
6 July 2019 - 14:45


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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.