Russia: Lukoil ready to resume Iran work once sanctions lifted

Lukoil, Russia's No. 2 oil producer, is ready to resume cooperation with Iran when international sanctions are lifted, Chief Executive Vagit Alekperov was quoted as saying on Friday.

"After sanctions are lifted - definitely. We are interested in all regions where hydrocarbon reserves lie," he told Interfax news agency in response to a question about lifting sanctions while in the city of Perm. Alekperov did not refer directly to any specific projects. (Reuters)