Oil Minister Masoud Mirkazemi said on Saturday that Iran will blacklist foreign oil companies, like Russia's Lukoil, which have pulled out of projects due to the sanctions imposed on Tehran.
"If a company takes a stand against Iran, we will be forced to take that into consideration and put that company on a blacklist," the Mehr News Agency quoted Mirkazemi as saying.
"They will no longer work in our country," he added.
Mirkazemi singled out the case of Lukoil, which announced it would pull out of Iran by March 2011 after new UN, U.S., and EU sanctions were imposed on Iran.
The oil minister said the Russian firm had reneged on its commitments in regard to the development of the Anaran oilfield, which was discovered in western Iran in 2005.
But he added that Iran might work with Lukoil "if we can adjust the content of the agreement."
Commenting on Lukoil's decision to cut gasoline exports to Iran, Mirkazemi said these measures were more "like a joke."
"The hegemonic powers have been using the sanctions against Iran for the past 31 years, but they have failed to realize their wicked goals," he added.
Iran and Russia signed a roadmap in Moscow on Wednesday outlining their long-term energy cooperation and said they would make efforts to establish a joint bank to help fund bilateral projects.
Russian Energy Minister Sergei Shmatko and Iranian Oil Minister Masoud Mirkazemi inked the pact, according to which the two countries will attempt to increase their cooperation in transit, swapping, and marketing of natural gas as well as sales of petroleum products and petrochemicals for a period of 30 years.
Iran, which holds around 10 percent of the world's oil reserves, is the world's fourth-leading oil exporter and the second-largest producer in OPEC after Saudi Arabia.