Russia's Lukoil sets up shop in Iran

April 15, 2015 10:16 AM

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Russia's Lukoil reopens offices in Iran, awaits sanctions removal.

Lukoil started work in the Anaran reserve area near the border with Iraq in 2003, but was later forced to pull out of Iran as sanctions tightened. Lukoil Deputy Vice President Ravil Maganov said the company was back in Iran.

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