Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

IRAN

Lukoil Confirms Political Withdrawal From Iran

Lukoil Vice-President Leonid Fedun confirmed at an oil conference in London on 24 March that the Russian company has withdrawn from the development of discoveries in Irans Anaran license, where it initially held a 25% share in a partnership with operator Statoil Hydro. He said that four discoveries on the block Azar, Changuleh West, Dehloran and Musian had total recoverable reserves of...