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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.
 14:45 - 06/07/2019 - Comments : 0More >>
1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN - The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
 15:31 - 11/06/2019 - Comments : 0More >>
KEPCO in Talks with Foreigners
Iran to Renovate Caspian Sea Fleet
Ali Osooli, CEO of Khazar Exploration and Production Company (KEPCO), says the company is still in talks with leading European firms for cooperation in the Caspian Sea despite US threats to penalize them. He, however, says KEPCO is also able to push ahead with its development activities in the Caspian Sea even without cooperating with foreign companies, as was the case with the "Sardar-e-Jangal" oil find in 2012, when Iran was under tough oil sanctions. The impact of US sanctions on Iran’s oil industry is not ignorable, but the experience of working four years under sanctions has shown that Iran has never stopped its activities. The following is the text of "Iran Petroleum" interview with Osooli about KEPCO’s activities:
 13:00 - 12/05/2019 - Comments : 0More >>
Tehran-Baku Oil Talks Continue
TEHRAN (Shana) The CEO of Khazar Exploration and Production Company (KEPCO) said talks between Iran and Azerbaijan were continuing and a joint committee had been formed by the two neighbors.
 11:07 - 10/03/2019 - Comments : 0More >>
KEPCO Won’t Wait for Foreign Firms: CEO
TEHRAN (Shana) The CEO of Khazar Exploration and Production Company (KEPCO) said his company would welcome the presence of powerful foreign companies in the development of oil industry in the Caspian region, but would not wait for them.
 13:17 - 16/01/2019 - Comments : 0More >>

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