President of oil company LUKOIL Vagit Alekperov announced plans to sign a long-term contract for the supply of Iranian oil to refineries of the company, reports TASS.
«In the near future we will work out a formula for the swap transactions and the overall long-term contract for the supply of oil to our refineries, “- he said after a meeting with Iranian oil Minister Namdar Zanganeh Bijanov
Alekperov found it difficult to specify the possible volume of oil supplies to LUKOIL refineries, due to the fact that Iran’s requirements are not yet known.. However, he pointed out that before the introduction of sanctions against Iran has supplied up to two million tons of oil a year.
«Lukoil is interested in trading operations [in Iran]. Because we have historically been the most active operator in trading operations on the territory of the Caspian Sea. We have supplied and gasoline, and kerosene to Iran. And plus we’ll be trading large operator in the Gulf. The minister supported our negotiation process “, – said Alekperov
LUKOIL became the first Russian company with which the Iranian government signed the contract after the lifting of sanctions in January 2016.. The agreement relating to the conduct of exploration in the south-western Iran. In 2003, LUKOIL has already concluded an agreement on oil exploration in the region, acting in cooperation with the Norwegian company Statoil. Then the two oil fields were discovered, however, studies were terminated after the introduction of international sanctions against Iran.
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