Lukoil considers participation in new projects in Iran in event of lifting international sanctions
LUKOIL Oil Company is considering participation in oil and gas projects in Iran in the event of the lifting of international sanctions, Senior Vice-President of Lukoil Overseas, Gati Saadi Al-Jebouri said at a conference on Energy Intelligence in Moscow, ITAR-TASS reported.
"If there are changes, if restrictions and sanctions are lifted, then of course we will very cautiously return to the project in Iran," he said.
LUKOIL had worked at the Anaran block since 2010, but in 2010 after the introduction of economic sanctions against Iran, the company withdrew from the project. In the same year, the company ceased supplying diesel fuel and gasoline to Iran.