Last year, Russia’s oil giant Rosneft and the National Iranian Oil Company planned to fulfill joint projects in oil and gas production to the tune of $30 bln and produce up to 55 mln tonnes of oil per year. The sides signed a roadmap on implementing the strategic projects.
However, Rosneft has changed its mind on cooperating with Iran, Vedomosti writes with reference to three sources linked to the state company’s top managers.
According to one of the sources, the talks stopped this summer amid fears that the U.S. could slap sanctions on Iran, which were eventually imposed on November 6.
According to another source, another reason to leave Iran is Rosneft’s decision to change its strategy, as now the company is planning to focus on growth inside Russia.
