Gazprom Neft to Invest in Iran

TEHRAN (FNA)- Russia’s Gazprom Neft the oil arm of gas monopoly Gazprom plans to acquire new assets and therefore cannot yet predict its dividends in 2008, the firm’s head said on Friday.

“We plan to acquire a number of assets this year, that is why it is too early to talk about dividends as a share of profits,” Gazprom Neft’s president Alexander Dyukov told reporters during the firm’s annual shareholders’ meeting.

He also said Gazprom Neft would invest over $100 million in a buy-back project in Iran and has also offered US oil major Chevron to develop more fields in Siberia.