Russian oil company Lukoil said Wednesday it reopened its offices in Iran in anticipation of the full removal of economic sanctions. Lukoil started work in the Anaran reserve area near the border with Iraq in 2003, but was later forced to pull out of Iran as sanctions tightened. Lukoil Deputy Vice President Ravil Maganov said the company was back in Iran . “We look forward to participation in projects in Iran after the sanctions are fully removed”, he said. “We are studying geological data on other projects as well.” The director of Iran’s National Petroleum Co. last week said foreign investors “will flock to Iran” if a framework nuclear agreement brokered with the help of Russia and other members of the U.N. Security Council, plus Germany, takes […]