Wednesday 9 May 2018

Iran sanctions threaten North Sea deal - BBC News

Iran sanctions threaten North Sea deal - BBC News:

"The Rhum gas field in the North Sea, which supplies 5% of the UK's gas, is half-owned by the Iranian State Oil Company.

BP, which owns the other half, is in the process of offloading its share to small North Sea specialist Serica, but that deal has not completed.

BP does huge amounts of business in the US and will be desperately keen to avoid being seen as a business partner of the Iranian state."



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