Russia's Lukoil is conducting negotiations with Iran on the deliveries of oil products, said the company's Vice President Vladimir Nekrasov on Tuesday.
The Russian oil company reenergized talks with Tehran in the summer 2015 on resuming oil cooperation in anticipation of Iran's return to the global market in 2016. Iran made a comeback after it had proved that its nuclear program complied with International Atomic Energy Agency regulations, Sputnik reported.
"We plan to import oil products to Iran first. As much as we can. We have a terminal in Astrakhan [on the Caspian Sea] with a capacity of two million tons," Nekrasov told journalists.
"We are currently holding talks on deliveries, and as soon as it's contracted, we'll deliver," he added
Source:Irandaily
