Natural Gas Daily Middle East & East Mediterranean Exploration & Production
Iran ruffles feathers with ‘border fields first’ policy5 May 2017
Iran has made no secret of its intention to push the development of its border oil and gas fields. While the policy makes sense from Tehran’s perspective, it runs the risk of resurrecting old disputes over territorial boundaries.
Iran signed a permit with Geology Without Limits to explore its section of the Caspian Sea in April, even though it has not settled its territorial boundaries with the other countries that share it. Iran – along with the IOCs funding the study – wants to gather information on the prospectivity of the area.
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