Rhum Gas Field

Rhum Gas Field

Iran and the UK have been cooperating in Rhum gas field in North Sea since December 2005, when the field started pumping, until the imposition of the US-engineered sanctions against Iran.

It led to a stoppage of gas production from the field in 2010.

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.

Financialtribune.com