Tuesday 21 April 2015

Russia’s Lukoil eyes return to Iran once sanctions are lifted - FT.com

Russia’s Lukoil eyes return to Iran once sanctions are lifted - FT.com:



"The head of Lukoil said on Monday that the Russian energy group wanted to return to Iran as soon as sanctions on Tehran are lifted, the latest foreign company to signal interest in developing the country’s oil and gas after a nuclear deal with the west.



Vagit Alekperov, Lukoil president, told reporters at the IHS CERAWeek energy conference in Houston that the group’s office in Iran, recently reopened, was studying geological data so it could take advantage of any opportunities should international sanctions be eased.



He said: “We hope that sanctions will be lifted in the medium term, in the near term, and that we will be able to come back to Iran and come back to the field we were working on.”"



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