Lukoil discusses resuming Iran oil project

Lukoil discusses resuming Iran oil project

The National Iranian Oil Company (NIOC) and Lukoil are discussing the return of the Russian energy giant to Iran, officials have said.

Negotiations are currently continuing in Moscow following talks in Tehran on Lukoil’s resumption of a project to develop the Azar field in Iran’s Anaran block, Press TV reported.

“The new round of NIOC’s negotiations with Lukoil has begun in Moscow which is expected to pave the way for the return of the Russian firm to the Azar field development project,” Mehr said.

An official at the Iranian Ministry of Petroleum, Ali Mohammad Yar-Mohammadi, has said there were also plans to hold talks with several other Russian oil companies specializing in other fields.

The second largest oil company in Russia reopened its office in Tehran in April, with its first vice president Ravil Maganov saying the company looked forward to participating in Iranian energy projects.

More from Source: IRNA.

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