The CEO of Khazar Exploration and Production Company (KEPCO) said talks between Iran and Azerbaijan were continuing and a joint committee had been formed by the two neighbors.
Ali Osouli told Shana that given an agreement between the presidents of 5 countries in the Caspian region, KEPCO was pursing Oil deals with Azerbaijan.
He said this was the first time that the two countries were to cooperate in a bloc which was not fully owned by the two of them which made the talks more complicated.
Osouli said Iran enjoyed skilled labor which gave it an advantage in the talks as admitted by Azerbaijan’s SOCAR.
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