25th Anniversary Caspian International Oil & Gas Exhibition

29 May - 1 June 2018 • Baku Expo Center

Media Centre » News

Caspian Oil & Gas Azerbaijan - Iran-Azerbaijan co-op in oil industry maintenance to yield great mutual profit

Iran-Azerbaijan co-op in oil industry maintenance to yield great mutual profit
13.07.2016

There are great opportunities for cooperation between Iran and Azerbaijan in oil industry maintenance that if tapped, both countries would enjoy great benefits, Deputy Iranian Oil Minister in Engineering Affairs Ali Reza Asl-Arabi believes.

Asl-Arabi told Trend July 11 that Azerbaijan will reap a lot of benefits if it uses Iranian expertise for maintaining its oil facilities.

“Both in small daily maintenance tasks and periodical repair and maintenance projects, Azerbaijan has been mostly using the services of European and American companies, which entails spending large sums of money due to geographical distance, the use of Western currencies, and other factors,” he noted.

BP has plans for two maintenance programs on Azeri-Chirag-Guneshli (ACG) oilfields in 2016.

BP had two sets of planned maintenance for Azerbaijan last year as well - in May and November.

“This is while there are 30 to 35 large companies for maintenance services in Iran. The Iranian oil industry enjoys a history of 110 years. There are many veteran experts who can act as easy-to-access elite leaders and there is also the young cheap workforce that can be mobilized swiftly,” the official went on to say.

Asl-Arabi said there is also benefit in cooperation for Iranian companies.

“This [cooperation] could act as a starting point for Iranian companies to enter international markets and since Azerbaijani companies are mostly using Western advisors the Iranian companies could get a chance to add to their expertise and prestige,” he stated.

Elsewhere in his remarks, the official told Trend that he would also like to see Azerbaijani oil companies offer services to Iran.

“It has always been the other way, that is, Iran has been offering engineering services to Azerbaijan,” he said, adding, “I would love to see Azerbaijani companies coming to Iran.”


News

All news