Iran’s trade with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion. According to the Islamic Republic of Iran Customs Administration, Iran’s trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion during the first 10 months of the …
Read More »Iran Denies It has Given up Caspian Sea Gas Rights to Russia
Iran’s envoy to Russia denies reports suggesting Moscow controls rights for drilling gas in Caspian Sea. A Tuesday statement by Khazar Exploration and Production Company (KEPCO), the Iranian firm which controls petroleum operations in the Caspian Sea, also denied the claims by Dadras, saying they were utterly baseless and constituted …
Read More »Azerbaijan Warns of Risks to Caspian Energy Exports from Conflict with Armenia
Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil and gas to world markets is located in the vicinity of the current military operations. Fifteen servicemen from Azerbaijan and Armenia and one Azeri civilian …
Read More »Lukoil Begins Drilling Several Caspian Sea Prospects
Lukoil said on Monday that it started drilling an exploration well at the Shirotno-Rakushechnaya prospect located north of the V.I. Grayfer field. The well, with the target depth of 1,650 meters, was drilled from the Astra jack-up drilling rig. The rig is designed for shallow waters and the sea at …
Read More »Azerbaijan Temporarily Closes Borders with Iran
Azerbaijan'.s embassy in Tehran announced on Saturday that the country'.s borders with Iran are temporarily closed for two weeks. as of February 29. due to the outbreak of the novel coronavirus.
Read More »Officials Say Iran-Azerbaijan Border Should Remain Open amid Coronavirus Fight
The top authorities in the two countries are determined to strengthen and enhance relations in all fields.
Read More »Southern Gas Corridor Project Allows Azerbaijan to Diversify Its Gas Markets
Currently. Azerbaijan is the only source of gas for SGC.
Read More »Iran. Azerbaijan Hold Joint Military Commission Meeting in Tehran
The third meeting of the Iran-Azerbaijan joint commission was agreed to be held in Baku next year.
Read More »TAP will Facilitate Europe’s Energy Transition
The project is currently in its construction phase. which started in 2016.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
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