SHANA The latest statistical report by British Petroleum (BP) suggests that by the end of 2017, Iran was ranked third among the world's largest natural gas producers. According to the National Iranian Gas Company (NIGC), based on the country's macro policies to increase the share of natural gas in the energy mix of the country due to its numerous ...

Press TV - As the US is preparing to restore sanctions against Irans oil exports within weeks, concerns are already rising among corporate leaders that oil prices could rise to unprecedented highs. BP's Chief Executive Bob Dudley was quoted by media as saying that Uncertainty surrounding Iran's oil industry ahead of forthcoming US sanctions could ...

BBC- BP has delayed work on its Rhum field in the North Sea while it seeks clarity over US sanctions on Iran. The oil giant co-owns the field - about 240 miles north east of Aberdeen - with the Iranian Oil Company, although BP's stake is in the process of being sold to Serica Energy. A fresh well was due to be drilled but BP has said that work ...

Reuters | Ron Bousso: A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fields in the ageing offshore basin, including the Rhum field which is co-owned by a subsidiary of Irans national oil company. For ...

MNA Deputy oil minister has announced that British Petroleum (BP) is ready to settle debts to Iran though the process has been hindered due to banking issues.Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said several negotiations have been conducted so far between Irans Ministry of Foreign Affairs and UKs BP on receiving ...

Press TV- Global energy giant British Petroleum (BP) has reportedly started a serious push to look into the prospects for making post-sanctions investments in Irans oil industry. Reuters said in a report that BP has formed a special task force to study Irans oil industry investment potentials in what could be a fresh sign of the growing interest ...

Tasnim Director of National Iranian South Oil Company Bijan Alipour said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran. The National Iranian South Oil Company has held talks with 22 domestic and foreign companies for contracts to develop Karanj, Parsi, Rag Sefid and Shadegan Oilfields,...

British oil company BP has clinched its first oil deal with the National Iranian Oil Company (NIOC) since last years landmark nuclear accord for purchase of condensate, a NIOC official says. Under the deal, BP will receive South Pars condensate for loading between September and October, the unnamed official was quoted as saying on Wednesday. Director ...

TEHRAN, Apr. 27 (MNA) UK's trade envoy to Iran has announced that British Petroleums (BP) debt to Iran will be paid off Iran's share in Rhum gas field in coming days. In 2005, National Iranian Oil Company (NIOC) and Britains largest oil firm BP launched a 656-million-dollar cooperation producing gas at the offshore gas field of Rhum in Scotland....

TEHRAN, Apr. 25 (MNA) National Iranian Oil Company (NIOC) and British Petroleum (BP) industry company have launched talks on inking an oil sale agreement. Following Royal-Dutch Shell oil industry company, British Petroleum has also initiated negotiations with NIOC on purchasing crude oil. Executive Director for International Affairs at National ...

Tehran, October 7,The Iran Project According to the agreement between Iran's Oil Ministry and the British Petroleum, the British company is to develop two oilfields in Iran. Despite the earlier announcement that the negotiation between Iran Oil Ministry and the British Petroleum is confidential, details of the negotiation is revealed. Earlier ...

BP says it looks for opportunities in Irans upstream oil industry as the country prepares to roll out new contracts for boosting recovery from its ageing fields. "If the sanctions are relaxed in a way that allows us to go work there, obviously we would explore opportunities in Iran," CEO Bob Dudley told reporters in London. As a company that ...

Iranian officials have said that Royal Dutch Shell, British Petroleum, France's Total and Russia's Lukoil had expressed interest in investing in Iran when the sanctions imposed on Tehran over its nuclear program are eased. MOSCOW, December 8 (Sputnik) Iran will offer foreign investors new oil contracts amounting to $40 billion atan international conference ...

IFP has taken a look at the front pages of Iranian dailies on Sunday and picked headlines from 19 of them. A decree issued by the Supreme Leader to resume the new term of the Supreme Cultural Revolution Council generated front-page headlines in the Iranian dailies on Sunday. A fierce backlash from Iranian clerics in reaction to the death sentence ...

TEHRAN (Tasnim) BP recommenced production at the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, nearly four years after the oil major was forced to halt output because of sanctions against Tehran.   The oil group confirmed on Friday that gas had begun to flow out of the Rhum field, 250 miles off Scotlands northeast ...

Britains brutal sanctions on Iran dates back to 1951 when the then Iranian Prime Minister Mohammad Mossadegh nationalized Irans oil industry which was at that time under full AIOC, now known as British Petroleums (BP), administration. Britain, which for long have sought to get back what they deemed was rightfully theirs, sanctioned Iran economically ...