Russia's oil and gas company LUKoil plans to return to Iran once sanctions over Tehran�s nuclear program are lifted, LUKoil�s President Vagit Alekperov said Tuesday.

HOUSTON, April 21 (Sputnik) � Alekperov added that LUKoil wanted to return to Iran�s Anaran oil project, which the company had abandoned due to Iran sanctions.

�We hope that the current political dialogues will open up investment opportunities on the Iranian territory in the medium term,� Alekperov told reporters at the IHS CERAWeek 2015 Energy Conference.

The United States imposed economic sanctions against Tehran, accusing it of developing nuclear weapon under the guise of a civilian program. LUKoil was forced to withdraw from Iran in 2010.
The Anaran field, with estimated oil reserves of 2 billion barrels, was operated by a consortium of Norwegian StatoilHydro (75%) and LUKoil Overseas (25%).
By Sputnik News