Middle East Economic Survey


No 50



KEPCO To Start Caspian Sea Drilling By End-March

Khazar Exploration and Production Company (KEPCO) plans to begin drilling in the deepwater area of the Iranian Caspian Sea before the end of the current Iranian year (21 March 2009 20 March 2010), according to KEPCO Director Mahmoud Zirakchianzadeh. He was quoted by the Ministry of Petroleums PIN website on 7 December as saying: There is a bright prospect of finding reserves of crude oil in...