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FinancialNews


  • 17-06-21

    KEPCO approves 4 new projects to National Iranian Oil Company

    (MENAFN)Shana quoted Managing Director of Iran’s Khazar Exploration and Production Company (KEPCO) as saying that new research indicates that huge gas reserves could be laid beneath Iran’s northeastern Gorgan plain.

    Emad Hosseini further declared that “Obtained information from 16 exploration wells drilled in this area, along with other studies, indicate huge potential reserves in this area and the need to change the technical approach to the potential hydrocarbon resources in the South Caspian Basin.”

    Hosseini added that the results from the two new wells, namely Hirkan 1 and Ghezeltapeh 3, are also estimated to corroborate the above-stated studies.

    KEPCO submitted four new projects to the National Iranian Oil Company (NIOC), two of which were confirmed to be implemented in the region, he also stated.

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