Iran plans to expand exploration in the Caspian Sea

Almaty. April 2. Silkroadnews - Iranian oil companies expand exploration in the Caspian Sea, transmits the Iranian News Agency (IrTAG) on Thursday.
Managing Director of Khazar Exploration and Production Company (KEPCO) Osula Ali said that in the new year of the Iranian calendar (which began on March 21), company plans to launch a project on finding and developing new oil and gas fields in the Caspian Sea.
The head of KEPCO also said that in case of discovery of new hydrocarbon deposits in the Iranian part of the Caspian basin, company will be able to attract large investments in their further development.
Earlier, Deputy Minister of Petroleum of Iran Rukneddin Javadi informed about the plans of the Iranian authorities to begin work on deepwater drilling in the Caspian Sea and the Sea of ​​Oman as part of measures of the Government to further increase the production volume.
As recalled by the agency in 2012. Iranian oil company found on the continental shelf of the Caspian Sea to the north of the province of Gilan new field "Sardar Jangal-e", which according to local experts can produce about 8 thousand barrels of oil per day.