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Middle East

Russia’s Lukoil ‘happy’ to resume talks on Iranian projects once US sanctions lifted | Source: S&P Global

Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted. Lukoil was in talks with Iran to develop the Ab Teymour and Mansouri oil fields, but had to put plans on hold in late 2018 after the US pulled out of the Iranian nuclear deal and reimposed sanctions on the country’s oil industry.

Source: S&P Global


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