ISNA � The Russian oil and gas company Tatneft has declared that it was cooperating with the other Russian oil company Zarubezhneft over the Iranian Shadegan oilfield project.

The General Director of Tatneft Company Nail Maganov said, �Our Company is always ready to cooperate with Iran if the situation allows�.

�The Tatneft Company is interested in participating in the project of exploitation of two Iranian oilfields Shedegan and Dehloran and is ready to negotiate with other companies including the Iranian ones interested in the project,� he added.

�We sent our offer to the National Iranian Oil Company and we are waiting for the answer,� the Russian official went on to say.

The Tatneft Company, with headquarters in the Republic of Tatarstan, is the fifth largest oil producer in Russia and participates in more than 77 oil fields as an operator.