Middle East Economic Survey
BP Halts Rhum Production While Awaiting Clarification On EU Sanctions
BP announced on 16 November that it has suspended production from the Rhum gas field in the UK North Sea, pending clarification from the UK government on new EU regulations about sanctions against Iran. Rhum was developed as a subsea tie-back to the nearby Bruce offshore platform, and began production 2005. The field is owned 50:50 by operator BP and the Iranian...