Baku. Malahat Najafova – APA. The Iranian Oil Ministry plans to establish a refinery near the Caspian Sea and feed it by crude oil which is derived from the sea, said Masoud Jahdi, the explorations director of Khazar Oil Company, APA reports quoting Mehr news ahency.
According to the officials of the National Iranian Oil Company, the oilfield is completely situated within Iran’s territorial waters in the Caspian Sea and is not shared with any neighboring country.