Iran sanctions could have 'impact' on BP Scottish gas field

26th October 2010, Comments 0 comments

EU sanctions over Iran's nuclear programme could have an "impact" on a gas field off Scotland jointly owned by BP and the Islamic republic, a BP spokesman said on Tuesday.

The Times newspaper reported that BP was poised to close the Rhum field because of the sanctions which would ban joint investments with Iran.

The field lies some 250 miles (400 kilometres) off Scotland's northeast coast.

Senior managers were in talks about the future of the venture after European foreign ministers meeting Monday announced a tough line against the Iranian energy sector, the Times added.

A spokesman for BP told AFP: "We're waiting to see what the EU regulation says on this matter. As yet, as I understand, it hasn't been published.

"We are aware that the regulations being considered could have an impact on Rhum. Until we've had time to analyse them we don't know what that impact will be."

A Foreign Office spokesman told The Times: "It is for individual companies to determine how to adapt their activities to ensure compliance. We have discussed the implications of the regulation with BP."

The West accuses Tehran of seeking to build an atomic bomb under the guise of a civilian nuclear energy programme, a charge Iran vehemently denies.

© 2010 AFP

0 Comments To This Article