Sep 11, 2018, 5:51 PM
News Code: 83030357
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Russian exploration company to continue Iran engagement: CEO

Moscow, Sept 11, IRNA – Russian exploration company Rosgeologia will continue to work with Iran under the two agreements signed with the country despite US sanctions, said the head of the company.

'Our operations are not included in US sanctions, thus we will not leave Iran,' Roman Panov told reporters on Tuesday.

'We are active in the field of exploration of minerals, water and initial stages of hydrocarbons which will not be affected by sanctions,' Panov said.

'However, our legal experts are reviewing the possible effects of sanctions,' he added.

On May 24, 2018, Rosgeologia signed two Memoranda of Understanding with Iran to explore the parts of the Caspian Sea that belongs to Iran, and to implement geophysics studies in the country.


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