Russia�s second largest oil producer, Lukoil, has reiterated its willingness to return to Iran energy sector amid potential opportunities created by an easing of anti-Iran sanctions following a nuclear deal between the Islamic Republic and six world powers.


Lukoil Chief Executive Vagit Alekperov voiced the readiness of his company for resuming work in Iran at a press conference on Wednesday.
�It is a new era. A number of large countries with unique oil and gas reserves are making steps to attract investment,� he was quoted as saying.
Along with Norway�s Statoil, Lukoil was prospecting for oil in Iran�s Anaran block before it pulled out of the project due to the imposition of illegal sanctions on Iran�s energy sector by the United States and the European Union.

Lukoil reportedly suffered a USD 63-million loss after the withdrawal.

On January 20, the Council of the European Union suspended part of the sanctions it had imposed against Iran following the nuclear deal between Tehran and the six powers - the United States, Britain, France, China, Russia and Germany - in Geneva, Switzerland, in November 2013.

The new measure incorporates the suspension of a 2012 ban on insuring and transporting Iran�s crude oil and the sanctions on trade in gold, precious metals and petrochemical products.

On January 25, Iran Oil Minister Bijan Namdar Zanganeh said major world oil companies have voiced readiness to start business in the country.

Iranian President Hassan Rouhani met with chief executives of oil giants on the sidelines of the World Economic Forum (WEF) in Davos earlier this month.

France�s Total and Italy�s Eni have also expressed their willingness to resume work in Iran.

By Press TV

 

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