Iran is going to increase its share in several foreign oil and gas projects, including development of the gas condensate Shah Deniz field in the Azerbaijani sector of the Caspian Sea, Iranian media quoted Hussein Zamaninia, Iran’s Deputy Minister of Oil for International and Commercial Affairs, as saying.
“We are going to increase our share in development of several fields and projects in several countries. Shah Denis among the projects, but we have not made a final decision on this issue yet,” he added.
National Iranian Oil Company(NIOC) has 10% share in the Shah Deniz project.