Tehran, Baku to Sign New Cooperation Documents on oil and gas production in the Caspian

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the Deputy Prime Minister of the Republic of Azerbaijan announced the signing of new documents on Tehran-Baku cooperation in the oil and gas sector in the near future.

Javad Owji, today (Sunday, November 21) after meeting with Deputy Prime Minister of Azerbaijan Republic Shahin Mustafayev, told reporters: "A constructive meeting was held with the Azerbaijani delegation and good agreements were reached."

He emphasized Iran's huge oil and gas reserves, and said that given this capacity, Iran and Azerbaijan could have good cooperation with each other. He added that the Republic of Azerbaijan has a good capacity in the oil and gas sector as well.

The Minister of Petroleum stated that during today's meeting, a good agreement was reached with the Republic of Azerbaijan on gas swaps from neighboring countries to the Republic of Azerbaijan, such as Turkmenistan, adding: "Good agreements were reached on the gas contract to Nakhichevan."

Owji  stressed the development of oil and gas fields in the Caspian Sea as another focus of negotiations with the Azerbaijani delegation, and said: "Initial talks were held in this regard and expert delegations of the two countries are negotiating."

He expressed hope that in the coming weeks good agreements would be signed with Azerbaijan in the field of oil, gas and development of Caspian oil and gas fields.

For his part, the Deputy Prime Minister of the Republic of Azerbaijan told the media: "The Republic of Azerbaijan and Iran are friendly and neighboring countries and there is a historical connection between the peoples of the two countries."

He stated that there was successful cooperation between Iran and Azerbaijan in all areas, especially the energy one as adding that "the cooperation between Iran and Azerbaijan in the oil and gas sector has been fruitful."

The Deputy Prime Minister of the Republic of Azerbaijan stated that during the meeting with the Iranian Minister of Petroleum the avenues of expanding cooperation between the two countries in the energy sector were discussed as adding: "Iran and Azerbaijan discussed a number of new projects in the energy sector. New documents will be signed in this regard.”

Mustafaev noted the presence of a group of Azerbaijani experts in Iran as saying that  "this group of experts is going to discuss details of the talks between Iran and Azerbaijan.”-0-