The II international conference on technological possibilities of Iranian oil and gas industry is planned to be held in Tehran on September 30, 2015. Mohammad Reza Katuzian, head of the Iranian Oil Industry Institute, said that the main goal of the conference is increase in oil production on the fields developed by Iran jointly with its neighbors.
Mahmud Vayezi, Iranian Minister of Communication and Information Technologies, co-chairman of the Iranian-Azerbaijani intergovernmental commission on economic, commercial and humanitarian cooperation, said that talks on this issue are already in progress with Azerbaijan.
Mehdi Mohtashami, head of the Secretariat of the Azerbaijani-Iranian intergovernmental commission on cooperation in trade, economic and humanitarian fields, specified that Tehran would like to buy a share in the trans-Adriatic gas pipeline (TAP), which envisages Azerbaijani gas export to Europe.
The energy capacities of all Caspian basin states, except Russia, are going down. Another question is if oil price will go even further down as soon as Iran breaks into this market?
According to BP Statistical Review, the proved resources of the Caspian Sea total 16 billion barrels and the potential resources total 200 billion, but proved resources of the Persian Gulf total 600 billion barrels.—0—
In World
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Russian President Vladimir Putin and Iranian President Masoud Pezeshkian held talks today at the Kremlin, marking the beginning of a new phase in bilateral relations between Russia and Iran. Pezeshkian, who is on an official visit to Russia, was joined by several key Russian officials, including Foreign Minister Sergey Lavrov and Deputy Prime Minister Vitaly Savelyev, among others.
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Israel and the Palestinian group Hamas, designated a terrorist organization by the U.S. and EU, have finalized an agreement for a ceasefire in Gaza and a hostage exchange, the office of Israeli Prime Minister Benjamin Netanyahu said early Friday.
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Russia said on Friday that any placement of British military assets in Ukraine under a new 100-year partnership agreement between Kyiv and London would be of concern to Moscow.
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China's population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world's second most populous nation, which is now facing both an aging population and an emerging shortage of working age people.
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