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 CERA Week 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."
Mr Alekperov disclosed that he met Iranian oil minister Bijan Zanganeh at the World Economic Forum in Davos, where he signalled that Lukoil was "ready to participate" in the development of the oil industry.
Lukoil and Norway's Statoil began work on the Anaran oilfield in 2003, butRead More »from Russia's Lukoil eyes return to Iran once sanctions are lifted