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SOCAR President Visits Iran

Source: www.gulfoilandgas.com 11/29/2015, Location: Asia

SOCAR President Rovnag Abdullayev and representatives of the companyís management visited Tehran to attend the conference on Iranís new oil contracts. Iranís Oil Minister Bijan Namdar Zanganeh, Vice President for Legal Affairs Elham Aminzadeh, CEO of National Iranian Oil Company (NIOC) Roknoldin Cavadi gave welcoming speeches at the opening ceremony.

The conference focused on oil and gas field development in Iran, increase in production, investment opportunities and more than 50 oil and gas projects, which display the current situation, opportunities and capacity of the Iranian oil industry. SOCAR President Rovnag Abdullayev held meetings with Oil Minister of Iran Bijan Namdar Zanganeh and CEO of National Iranian Oil Company Roknoldin Cavadi. Iranian officials said they were very pleased to see SOCARís delegation at the conference.

Oil Minister Zanganeh pointed out the importance of the development of relations between Iran and neighboring countries, especially with Azerbaijan.

SOCAR President Rovnag Abdullayev informed them about the projects carried out by SOCAR in Azerbaijan and abroad, as well as the works done within the second phase of Shah Deniz project. The officials also discussed the prospects of various oil and gas projects in Iran.

The necessity of legal and commercial conditions for these projects, investment protection and investment climate, the issues of cooperation between SOCAR and NIOC, swap operations, oil and gas trading, exploration and production, petrochemical projects were in the focus of attention.

SOCAR President has also held a meeting with Datuk Wan Zulkiflee Wan Ariffin, CEO of Petronas (Malaysia) and discussed with him the development of Shah Deniz project and other issues of mutual interest.

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