No. 63



Iran And Russia Form Joint Drilling Firm For Caspian Exploration

Iran and Russia announced on 3 December that they will form a joint drilling company to explore for oil in the Caspian Sea. The announcement was made during the first meeting of the Russian-Iranian joint economic commission in Moscow. The session was attended by the Iranian Minister of Economic Affairs and Finance, Mr. Morteza Mohammadkhan, and Russia's Minister of Fuel and Energy, Mr. Pyotr...