BP and Serica Energy received a conditional license from US authorities to continue operating a North Sea gas field partly owned by a subsidiary of Iran's state-owned National Iranian Oil…
Rhum Gas Field
<p class="rteindent1"><span style="font-size:16px"><span style="font-size:18px"><span style="font-family:trebuchet ms,helvetica,sans-serif">Iran and the UK have been cooperating in Rhum gas field in North Sea since December</span></span> <span style="font-size:18px"><span style="font-family:trebuchet ms,helvetica,sans-serif">2005, when the field started pumping, until the imposition of the US-engineered sanctions against Iran.</span></span></span><span style="font-size:16px"><span style="font-size:18px"><span style="font-family:trebuchet ms,helvetica,sans-serif"> </span></span></span></p>
<p class="rteindent1"><span style="font-family:trebuchet ms,helvetica,sans-serif"><span style="font-size:18px">It led to a stoppage of gas production from the field in 2010.</span></span></p>
<p class="rteindent1"><span style="font-family:trebuchet ms,helvetica,sans-serif"><span style="font-size:18px">Rhum gas field, which cost $565 million to develop, is shared equally by BP and the Iranian Oil Company, a subsidiary of the state-owned National Iranian Oil Company.</span></span></p>
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Iran will receive its blocked revenues from gas sales at the Rhum gas field in the North Sea "within a few weeks", Deputy Oil Minister Amirhossein Zamaninia said.
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Iran has sold its first cargo of gas condensate and crude oil to British companies, director for international affairs at the National Iranian Oil Company said on Monday.
"A cargo of one…
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BP has released Iran's share of revenues from past gas sales at the Rhum Gas Field in the North Sea to a National Iranian Oil Company bank account in the UK, managing director of NIOC said,…
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Iran’s drilling industry, which was restrained by western sanctions, intends to return to the international arena by undertaking projects in the Middle East and the Central Asia.
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The National Iranian Drilling Company will start operation in the North Sea in the near future, the company's managing director said.
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Deputy Oil Minister Amir-Hossein Zamaninia said Britain is ready to pay Iran's blocked revenues from gas sales at the Rhum gas field in the North Sea after the lifting of sanctions.
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BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday…
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