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Iran only OPEC member expert in deep-water exploration

Posted on 23 April 2014

Iran is the only member of the Organization of Petroleum Exporting Countries (OPEC) that has expertise in deep-water oil and gas exploration, an Iranian oil official said. Director of the Khazar Exploration and Production Company Ali Osouli said exploring the reserves in the deep Caspian basin requires technological expertise only a few countries possess, Iran Focus reported.
“At present, Iran is at the top of Caspian Sea littoral states to that effect,” he said Sunday. Iran is among the world leaders in terms of oil reserves. More than half of its oil is found inland………………………………………..Full Article: Source


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