27 Feb 2017 14:42

Lukoil a regular buyer of Iranian oil after lifting of sanctions

SOCHI. Feb 27 (Interfax) - Lukoil is a regular buyer of Iranian oil, petroleum products and condensate after the lifting of sanctions, Lukoil President, Vagit Alekperov told journalists.

He said that Lukoil subsidiary Litasco has concluded a long term contract on oil deliveries.

"We are currently discussing Caspian projects, our Astrakhan terminal is ready for shipments, but, unfortunately, we are currently unable to agree on a formula for the exchange of Caspian petroleum products for crude deliveries to the Persian Gulf," Alekperov said.