FDI Needed for Developing Khazar Oilfields

Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said foreign investors and developers would engage in development of oil and gas fields in the Caspian Sea in the wake of the eased sanctions on Tehran’s economic sectors in the post-Joint Comprehensive Plan of Action (JCPOA) era. 

Launched in 1997, Khazar Oil Company is tasked by NIOC to develop oilfields in the Caspian Sea.