Russia considers $50 billion investment in Iranian oil & gas

ArticleEnergyApril 5, 2018 - 8:03:57 AM

Russian energy companies could spend as much as $50 billion on oil and gas exploration in Iran.

Yuri Ushakov said companies including Rosneft, Gazprom, Gazprom Neft, Lukoil, Zarubezhneft, and Tatneft were “systemically working on development of fields in Iran.”

The official’s comments come after Zarubezhneft became the second company—after French Total—to sign the new petroleum contract devised by Tehran to lure international oil and gas companies back into its oil and gas...

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