Russian oil producer "Zarubezhneft" OAO (ZRNFT) has "no result yet" from talks with Iran on joint oil projects, Bloomberg reported quoted company as said.
"Iran is interesting for our company as a country with one of the biggest hydrocarbon resources, but we need an approval from the government to continue," Zarubezhneft Deputy Chief Executive Officer Artyom Garibyan told reporters in St. Petersburg, Russia today.
"We are in talks with the Iranian side, but there is no specific result yet," he added.
"Zarubezhneft" is 100% owned by the state. In Russia holds licenses for 13 fields in the Nenets autonomous district. The main part of the assets "Zarubezhneft" is abroad. The company operates in Vietnam, the Balkans, Cuba, India, and other CIS countries.