Lukoil is ready to re-enter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts, or IPCs, likely to be unveiled by October, Chief Executive Vagit Alekperov said Thursday. Iran could also pass a law allowing foreign companies to invest in Iranian projects by the end of the year, the CEO of Russia’s second biggest producer added on the sidelines of the St. Petersburg International Economic Forum. However, Alekperov was quick to point out that until the law is passed no concrete steps would be taken. “Based on the latest meetings I had in Vienna during OPEC, it is around September or October this year. It is mostly agreed on, according to my information, but there are minor details left. But as a rule, those details are always where the problems hide,” the Lukoil CEO said. Alekperov met […]