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2014-02-13 16:27:00

LUKOIL RETURN TO IRAN

LUKOIL RETURN TO IRAN

Russia's second largest oil producer, Lukoil, says it is willing to return to Iran's Anaran oil project after the US-led sanctions against the Islamic Republic's energy sector are lifted.

"We are ready to implement the project (Anaran) on our own once the sanctions are lifted," Russian media quoted Lukoil Chief Executive Vagit Alekperov.

Along with Norway's Statoil, Lukoil was prospecting for oil in Iran's Anaran block before it pulled out of the project due to the imposition of illegal sanctions on Iran's energy sector by the United States and the European Union. Lukoil reportedly suffered a USD 63-million loss after the withdrawal.

On January 20, the Council of the European Union suspended part of the sanctions it had imposed against Iran following the nuclear deal between Tehran and the six powers - Russia, China, Germany, France, Britain and the US - in Geneva, Switzerland, in November 2013.

The new measure incorporates the suspension of a 2012 ban on insuring and transporting Iran's crude oil and the sanctions on trade in gold, precious metals and petrochemical products.

France's Total and Italy's Eni have also expressed their willingness to resume work in Iran.

More information here.

Tags: LUKOIL, IRAN, ЛУКОЙЛ

Chronicle:

LUKOIL RETURN TO IRAN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

LUKOIL RETURN TO IRAN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

LUKOIL RETURN TO IRAN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

LUKOIL RETURN TO IRAN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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