OREANDA-NEWS. August 29, 2014. SOCAR delegation led by SOCAR’s first vice-president academician Khoshbakht Yusifzade paid a visit to Islamic Republic of Iran by invitation by the management of Iran’s Khazar Exploration and Production Company (KEPCO).

Azerbaijani delegation held meetings at Petroleum Ministry and petroleum companies of Iran. During the meetings of academician Khoshbakht Yusifzade with Roknoddin Javadi, First Deputy Petroleum Minister of Iran and general director of National Iranian Oil Company (NIOC), Ali Majidi, Iranian Deputy Oil Minister for International Affairs & Trade, and Azizollah Ramezani, Director of the National Iranian Gas Company (NIGC) for International Affairs, the sides discussed the state and prospects of the Azerbaijani-Iranian cooperation in the oil and gas sector, the opportunities in the field of oil and gas production, transportation and export of the parties, seasonal gas transit between the two countries

In the meeting with the Azerbaijani delegates KEPCO’s CEO Ali Osuli stated that his company is interested in cooperation with SOCAR in the Caspian. The parties also stressed the significance of expanding Azerbaijani-Iranian partnership in the Caspian Sea and in the international oil and gas projects.

The SOCAR delegation also familiarized itself with studies of Iranian scientists in the oil and gas industry and nanotechnologies in the Research Institute of Petroleum Industry in Tehran.

The event ended with signing of a memorandum of understanding between Iran’s Khazar Exploration & Production Company (KEPCO) and SOCAR.