Economics

Lukoil Maneuvering for Return to Iran After Sanctions End

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OAO Lukoil, the Russian oil producer with the most assets abroad, is positioning itself for a return to Iran when sanctions are lifted.

Chief Executive Vagit Alekperov met with Iranian Oil Minister Bijan Zanganeh in Vienna today. They discussed potential developments, including the Azar and Changuleh onshore deposits, according to a person familiar with the meeting, asking not be identified because the discussions are private.