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Russia`s energy giant Lukoil announced that the company will sign oil development contracts with Iran in the coming months.
`Contracts with Iran could be signed in October and November.` Lukoil President Vagit Alekperov was quoted by the Russian-language media as saying.
He noted that Lukoil company was in constant talks with Iran over oil projects.
In relevant remarks in September. Lukoil chief had announced that his company was considering the development of Iran’s Mansouri and Ab Teymour oil fields. both located in the Southwestern oil-rich Khuzestan province.
Alekperov had also said that Lukoil was studying a project by the National Iranian Oil Company (NIOC) in the Persian Gulf. Nevertheless. he emphasized that Mansouri and Ab Teymour were Lukoil’s priority projects.
The Russian company and Norway`s Statoil had won a deal to launch exploration operations in Anaran block in western Iran in 2003. Lukoil held a stake of 25 percent in the consortium and the remaining stakes belonged to Statoil.
Their operations led to the discovery of oil in Azar and Changuleh fields in 2005. However. both had to pull out of Iran in 2011 after the US and Europeans intensified sanctions on Iran.
