Press TV - Iran may approve plans for early production of oil from a major hydrocarbon reserve in the Caspian Sea, a first for a country where crude has been pumped for more than a century from wells located in the southeast and offshore in the Persian Gulf. A contractor operating exploration and drilling activities in the Iranian waters in the ...

[caption id="attachment_96585" align="alignright" width="245"] File photo shows Shah Deniz oil field in the Caspian Sea.[/caption] Russian and Swedish companies have expressed readiness tojoindrilling projects in the Caspian Sea, a senior official at National Iranian Oil Company (NIOC) says. The National [Iranian] Oil Company welcomes the participation ...