Iran, Azerbaijan to Boost Gas Trade

Sharing on social networks
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.

 

 

 

During the meeting, Iran and Azerbaijan reached agreements on the development of joint energy fields in the Caspian Sea in the form of a joint committee, Javad Owji was quoted by the Islamic Republic of Iran Broadcasting (IRIB) as saying after a meeting held on Thursday with Deputy Prime Minister of the Republic of Azerbaijan, Shahin Mustafayev.
 
Pointing to the Iranian companies’ ability in energy technology and engineering area, he said: “The capacity of Iranian contractors is going to be used in the development of oil and gas fields.”
 
Meanwhile, Deputy Prime Minister of the Republic of Azerbaijan, Shahin Mustafayev, referred to the successful trilateral gas transmission cooperation among Iran, Turkmenistan and the Republic of Azerbaijan, saying: “Cooperation in energy sector could result in sustainable development in the region.”
 
He then announced formation of a joint study task force between the two countries’ energy development sectors.
 
Activating energy diplomacy and expanding cooperation with neighboring countries are the objectives of Iran’s oil delegation trip.
 
Iran’s Petroleum Minister is in Azerbaijan to participate in Baku Energy Week and hold talks with officials attending the three-day international event.
 
The events are held on June 1-3, 2022 with the support of the Ministry of Energy of the Republic of Azerbaijan and the State Oil Company of the Republic of Azerbaijan (SOCAR). The Caspian Oil and Gas Exhibition is the first exhibition held since the independence of the Republic of Azerbaijan annually in which over 250 companies of the world will take part.

 

 

Jun 6, 2022 12:12
شانا |
Number of visit : 615

Comments

Sender name is required
Email is required
Characters left: 500
Comment is required

Media

Contact Us

  • Tehran -Khaled Eslambouly St. -11th St. -No.19
  • Phone: 021 - 88722440 - 88722430
  • Fax: 021 - 88711386
  • Email: info@kepco.ir

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.