Lukoil Seeks Caspian Projects

Lukoil Seeks Caspian ProjectsLukoil Seeks Caspian Projects

Russia’s second largest oil producer Lukoil is interested in exploring areas of the Caspian Sea adjacent to Iran, the company's CEO Vagit Alekperov said on Friday, Sputnik reported. Alekperov noted in an interview that the company has "two agreements with the government of Iran to study both huge regions, including the offshore area of the Persian Gulf, and specific fields that are of interest to us … We are also interested in considering a part of the Caspian Sea, adjacent to Iran." The Lukoil chief said he plans to visit Tehran at the end of September, or the start of next month, to meet Iranian officials to get more detailed information on the current and prospective agreements. Mahmoud Vaezi, Iran's ICT minister who is also the co-chairman of Iran-Russia Joint Economic Commission, said last month that he saw good prospects for Iran to cooperate with Lukoil after the sanctions are lifted in January.