Caspian | Egypt Oil & Gas

Caspian Crude Swaps Resume to Cure Iran Fuel Shortages

Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension, reported Press TV. The National Iranian Oil ...

Brazil to Help Iran with Deep-Water Caspian Exploration

Brazil has agreed to set up a Joint Oil Committee with Iran, reported Fars News Agency. Ali Osuli, managing director of the Khazar Exploration and Production Company (KEPCO), said his organization has been invited to ...

Russia Sells China its Stake in Kazakh Oil

Lukoil—the second largest oil producer in Russia—sold its stake in Kazakh oil company Caspian Investments Resources to China Petroleum & Chemical Corporation, reported UPI. The deal was closed amid worsening cond...

Caspian Oil Swaps Resume, but Iran Silent on Identifying Partners

Iran has marked resumption of Caspian oil swaps by taking delivery of the first gasoline cargo since 2010 when such deals were halted, local media said on Wednesday. “The first cargo of swapped gasoline was unloaded a...

Iran Expanding its Caspian Sea Oil & Gas Exploration

Iran says it will expand exploration activities in the Caspian Sea as part of plans to discover new oil and gas fields. Managing Director of Khazar Exploration and Production Company (KEPCO) Ali Osooli said expansion ...

Caspian Sea’s Sardar-e-Jangal Third Well Under Way

North Drilling Co. has spudded a third exploratory well on the Sardar-e-Jangal oil field in the Iranian sector of the Caspian Sea. Managing director Hedayatollah Khademi told news service Shana that drilling of the se...

Total reveals major Caspian gas find

French supermajor Total has announced a “major natural non-associated gas find in the Absheron block of the Azeri Caspian Sea. In a statement the company revealed that initial test results from the Absheron-X2 w...

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