Lukoil President Vagit Alekperov said that his company is seriously considering reentering the Iranian energy market following the removal of international sanctions earlier this year, OilPrice.com reports.
In remarks made to a Russian media group on 16 June, the Lukoil chief expressed interest in exporting oil and natural gas to Iran as soon as this September or October.
“It is mostly agreed on, according to my information, but there are minor details left. But as a rule, those details are always where the problems hide,” said Alekperov, alluding to the need for Russia to create a law permitting foreign investment in Iranian projects.
Alekperov believes Lukoil could pursue “exploration projects and projects that require rehabilitation” in Iran, and expressed confidence that his company could rejoin Statoil of Norway in resuming the suspended onshore Anaran venture. Lukoil in 2010 cited U.S. sanctions as the reason it withdrew from the plan in 2010. Anaran encompassed four sites holding estimated reserves of two billion barrels of oil.
