Iran General NewsIran in 'talks' with Petrobras on Caspian project, daily...

Iran in ‘talks’ with Petrobras on Caspian project, daily says

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Bloomberg: Iran is in “talks” with Brazil’s state-controlled oil company Petroleos Brasileiros SA for exploration work offshore in the Caspian Sea, Iran Daily reported, citing a top Iranian energy official. By Ladane Nasseri

Jan. 30 (Bloomberg) — Iran is in “talks” with Brazil’s state-controlled oil company Petroleos Brasileiros SA for exploration work offshore in the Caspian Sea, Iran Daily reported, citing a top Iranian energy official.

Iran aims for Brazil to become “the main contractor for exploration and drilling operations and development in Caspian Sea oil and gas,” the daily said, citing National Iranian Oil Co. Deputy Mohammad Javad Assemipour.

Investment in Caspian waters may reach as much as $500 million, Assemipour said.

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