Iran prefers Persian Gulf gas to Caspian oil

Iran lacks the know-how to pump crude from the deep waters of the Caspian Sea and views it as a low priority when the world?s largest reservoir of gas sits invitingly under the shallow Persian Gulf, according to Reuters.

Tehran had hoped to get Caspian output flowing last year but commercial and political disincentives to work in Iran have meant foreign firms with deep-sea technology have taken their skills to neighboring producers.