LUKOIL International Services B.V.
LUKOIL International Services B.V.

Iran

In 2003, LUKOIL in cooperation with Norsk Hydro (Norway) signed a contract for exploration of the Anaran prospect in western Iran. In 2004, the office of LUKOIL Overseas Anaran was established in Tehran. Further, two oil fields were discovered on the Anaran block — Azar and Changuleh. However, in 2010, LUKOIL withdrew from the project due to imposition of international sanctions against Iran. Currently, LUKOIL is conducting negotiations with Iran regarding participation in a number of oil and gas production and exploration projects.