Russian oil firm Lukoil is keen to develop Iran’s Azadegan oil field according to the AFP. The company’s President Vagit Alekperov denied the fact that US firm ConocoPhillips had a major stake in Lukoil could cause a potential problem given current political tensions between Iran and the US. Alekperov said, ‘We are a Russian company and we operate according to Russian legal principles’.

Via AMEInfo. Geopolitical insight here? Anyone? Anyone?