Iran is holding meetings with companies in the fields of drilling and exploration of oil and gas from Russia, Norway and China to consider cooperation opportunity in developmental activities in Caspian Sea, a top official said.

Director of Khazar Exploration and Production Company (Kepco) for international affairs Ramin Khodafarin also announced formation of investment committee in Kepco and said that the committee is to absorb capital and technology to fulfil development plans in Caspian Sea, according to an Irna report.

The Petroleum Ministry has put the development of oilfields in Caspian Sea on its agenda to absorb necessary financial resources and technologies for drilling in deep water, reported Irna.