Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

IRAN

Zanganeh Raps BP Over US-Centered Stance On Iran

Iranian Minister of Petroleum Bijan Zanganeh warned BP that it had damaged its long-term prospects in Iran after BP CEO Lord Browne said doing business there was impractical because of the companys large US operations. A report in Londons Sunday Times newspaper of 23 January quoted Lord Browne as saying, right now it [doing business in Iran] is impractical for BP, because 40% of BP is...