Middle East Economic Survey
VOL. LIII
No 44
1-Nov-2010
IRAN
EU Iran Sanctions Forcing BP To Shut North Sea Gas Field
EU sanctions imposed on Irans Energy industry that go far beyond the latest UN Security Resolution will oblige BP to shut down the operation of the offshore Rhum gas field which is located 390km northeast of Aberdeen. The field, which was awarded by Britain to the National Iranian Oil Company (NIOC) in 1972, was developed on a parity basis with IOC Ltd which is fully-owned by...
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