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-0.16

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Natural gas 2.801

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Lukoil Eyes Iran Exploration

Lukoil Overseas is interested in Iran as a prospective oil exploration region

Lukoil Eyes Iran Exploration

Lukoil Overseas is interested in Iran as a prospective oil exploration region, Vladimir Simakov, the oresident of the company, said.

"We regard the Near East and the Persian Gulf as our company?s zone of heightened interest. LUKoil holds twenty-five per cent of the shares in the Anaran geological prospecting project in Iran, operated by the Norwegian Hydra Company," he said.


"We opened our office in Tehran last October and do not intend to rest on our oars. We are planning to continue our talks with the Iranian oil and gas companies, primarily with the Iranian National Petroleum Company. LUKoil is determined to take part both in land and offshore tenders for the right to prospect and tap Iranian deposits," Simakov said.

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