Iran-Owned UK Gas Field to Continue Operations

• Tuesday, 6th November 2018
• by Editorial Team

The UK’s Rhum gas field, in which the National Iranian Oil Company (NIOC) holds 50%, will continue working after meeting US sanctions conditions against Iran, the field’s future operator, UK’s Serica Energy said. NIOC...

US Greenlights BP in Iran

• Sunday, 9th April 2017
• by Sarah Samir

UK’s BP and the National Iranian Oil Company (NIOC) have received a license from the US Treasury to operate their joint gas field in the North Sea following the lifting of Western sanctions on Tehran, reported Reuters...