Iran is negotiating with leading international oil companies active in deep-water drilling regarding the joint projects with Azerbaijan's state oil company (SOCAR) in the Caspian Sea, an official with the Iranian Oil Ministry told Trend News Agency.
A top Iranian oil official said all of the country's oil cargoes have designated customers worldwide, stressing that the potential US sanctions have not so far undermined the flow of oil to international markets.
Iran's oil industry may be heading for choppy waters from a possible US re-enactment of sanctions, but the country's officials foresee a thriving year during which as many as 17 upstream contracts are expected to be finalized.
Iran's oil industry will continue to develop even if the United States pulls out of the 2015 Iran nuclear deal, and Tehran would still see the accord as operational as long as it can sell oil, said senior oil officials.
With crude and condensate exports of around 2.5 million barrels per day (mbd), senior Iranian oil officials are hopeful the country's nuclear deal with Western powers will continue, despite the US threatening to withdraw.