Russia's Lukoil reopens office in Iran
| Publisher | Radio Free Europe/Radio Liberty |
| Publication Date | 15 April 2015 |
| Cite as | Radio Free Europe/Radio Liberty, Russia's Lukoil reopens office in Iran, 15 April 2015, available at: https://www.refworld.org/docid/5565b9fd2b.html [accessed 17 September 2023] |
| Disclaimer | This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States. |
April 15, 2015
Russian oil company LUKoil has reopened its office in Iran, part of a push into the Middle Eastern country amid expectations for the removal of sanctions if a deal to curb its nuclear program is reached.
LUKoil first vice president Ravil Maganov made the announcement on April 15, saying: "We look forward to participation in projects in Iran after the sanctions are fully removed."
Maganov said the Anaran project would be LUKoil's primary focus in Iran but added, "We are studying geological data from other projects as well."
LUKoil and Norway's Statoil started developing the Anaran oil field in 2003 but were forced to pull out in 2011 due to economic sanctions imposed on Iran.
The field near the Iraqi border contains an estimated 2 billion barrels of oil.
Iran and six world powers have set a June 30 deadline for a deal that would rein in Iran's nuclear program, which Western nations fear is a front for weapons devel,opment, in exchange for sanctions relief.
Based on reporting by Lenta.ru and TASS
Link to original story on RFE/RL website