No 8



Lukoil Agrees To Pursue Farm-In On Norsk Hydros Anaran Exploration Block

Russias Lukoil has announced the signature of a protocol with Norsk Hydro setting out a proposal for a farm-in on the Norwegian firms Anaran exploration license in Iran. Under the proposal, which has to be approved by the National Iranian Oil Company (NIOC), Lukoil would take a 25% interest in the license. A Norsk Hydro official told MEES that the decision to farm out part of the Anaran...