‘Iran is interested in SOCAR's participation in joint projects’
“Iran is interested in SOCAR's participation in joint cooperation projects as an international company with extensive experience in global projects,” said Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia as he met with SOCAR President Rovnag Abdullayev in Baku.
Deputy Oil Minister of Iran Zamaninia spoke about the great potential for deepening relations between the two countries in the economic sphere, including the energy sector and expressed confidence that cooperation in the oil and gas industry would contribute to the development of neighboring countries. According to him, planned cooperation projects will boost oil and gas production in Iran in the near future.
The sides discussed the expansion of cooperation between Azerbaijan and Iran in the oil and gas sector, including the Persian Gulf and the Caspian Sea. The sides emphasized that there were vast opportunities for expanding cooperation.
Iran's NICO currently participates in the Shah Deniz (10%) and South Caucasus Pipeline (10%) projects. At the same time, a trilateral cooperation protocol was signed between the Department of Nanotechnologies of SOCAR, Research Institute of Petroleum Industry of the National Iranian Oil Company and the Iranian Offshore Oil Company in 2015.