7 Mar 2018 09:44

Rosgeo to work with Iran on exploration, incl. in Caspian

MOSCOW. March 7 (Interfax) - Russian state company Rosgeo and the Geological Survey of Iran (GSI) signed a memorandum of understanding on cooperation in geological exploration during a meeting of the Russia-Iran intergovernmental commission in Moscow on Tuesday, the company said.

Rosgeo and GSI plan to cooperate in geological exploration for hydrocarbons, solid mineral resources and underground water, including offshore seismic surveys in the Iranian part of the Caspian Sea.

Rosgeo has also reached an agreement with the Iranian Mines and Industries Development and Renovation Organization (IMIDRO) on cooperation in geological exploration of solid mineral resources.

"The agreement opens doors for Rosgeo enterprises to participate in projects related to detailed geological exploration for solid mineral resources," the press release said.