Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by dpupkin | Wed, 2010-03-24 20:21
selected project
Lukoil, Anaran Project Halt
description
Recent American sanctions against Iran have forced Lukoil to abandon a project in the Islamic Republic. Work at the Anaran project in Iran, estimated to hold nearly 2 billion barrels of oil at four sites, was put on hold due to Lukoil’s withdrawal. Company executives noted that if the political climate improves Lukoil will move back in, but the company does not see itself reinvesting at the site for the foreseeable future due to the volatile political climate.
Status
- Current Status:
- Discussion Date: Wed, 2010-03-24
- Contract Date:
- Completion Date: Wed, 2010-03-24
Citation
1. "Lukoil Withdraws From Iran Project, Citing U.S. Sanctions", Radio Free Liberty, March 24, 2010, available at http://www.rferl.org/content/Lukoil_Withdraws_From_Iran_Project_Citing_U...
2. Benoit Faucon, Jacob Gronholt-Pedersen, "Lukoil Stops Iran Work Due to U.S. Pressure", Wall Street Journal, March 24, 2010, available at http://online.wsj.com/article/SB1000142405274870331250457514118214189509...
All projects by Lukoil
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Lukoil | Lukoil, Anaran Project Halt | $63 million |
03/24/10 |
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| Lukoil | Lukoil Business Halt | ---- |
04/07/10 |
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