Rouhani and Aliyev pave way for Caspian Sea cooperation

Caspian Sea cooperation: During a meeting with his Azeri counterpart Ilham Aliyev in Tehran yesterday, Iran’s President Rouhani officially proposed that the two countries work together to explore and develop oil and gas fields in the Caspian Sea, according to Iran’s Oil Minister Bijan Zanganeh. Iran’s NICO already holds a 10% share in the giant 1.2 trillion m³ offshore Shah Deniz gas field.
The talks also covered the issue of oil and gas swaps.
11 MoUs were signed during Aliyev’s visit covering customs, animal husbandry, railway transportation, electricity, health and medical sciences, labor, women social affairs and joint investment projects –  particularly in the Araz, Anzali and Maku free trade zones – as well as the oil and gas sector.
Source: News.AZ