Rhum field

  • NIOC-Owned North Sea Field Given US Sanctions Waiver

    NIOC-Owned North Sea Field Given US Sanctions Waiver

    Tuesday, 9th October 2018

    The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil Company (NIOC).