Russia's Lukoil ready to resume cooperation with Iran once sanctions lifted

By REUTERS
November 29, 2013 14:57

 
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MOSCOW - Lukoil, Russia's No. 2 oil producer, is ready to resume cooperation with Iran when international sanctions are lifted, Chief Executive Vagit Alekperov was quoted as saying on Friday.

"After sanctions are lifted - definitely. We are interested in all regions where hydrocarbon reserves lie," he told Interfax news agency in response to a question about lifting sanctions while in the city of Perm. Alekperov did not refer directly to any specific projects.

Iran and six world powers reached a deal early on Sunday to curb Tehran's nuclear program in exchange for limited sanctions relief. But Iran's crude oil sales must not increase in the next six months.

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