Although significant events took place in all corners of our blue sphere, a special key development raise the interest although we can not know at present the motives for the implementation.
A development which reverses the image we have on US relations with Iran, for BREXIT and beyond.
Η λέξη
RHUM GASFIELD, είναι άγνωστη ακόμα και
στους επαγγελματίες της Ενέργειας.
Πρόκειται
για μια περιοχή Βόρειο Θάλασσα-ΗΝΩΜΕΝΟ
ΒΑΣΊΛΕΙΟ της οποίας την συνεκμετάλλευση
έχει η Βρετανική BP και η κρατική εταιρεία
πετρελαίων του ΙΡΑΝ, με ποσοστό συμμετοχής
50% εκάστη!
ΤΗΝ 7η Απριλίου
το Ιρανικό πρακτορείο ειδήσεων PRESSTV
μετέδωσε:
BP announced in a statement that it had obtained the authorization for the operation of Rhum gas field from the Office of Foreign Asset Control (OFAC) of the US Treasury Department last September.
This, it added in its 2016 annual report, came as a result of the removal of sanctions against the Islamic Republic in early 2016, Reuters reported.
Discovered in 1977, the Rhum gas field contains 22.6 billion cubic meter of gas. Production from the field started in 2005 but was stopped in 2010 after the intensification of sanctions against Iran.
BP resumed production from Rhum in 2014 after Britain agreed to set up a temporary management scheme whereby all revenue due to Tehran would be held until sanctions were lifted.
The field’s current production is not clear, but is believed to be capable of producing around 8.5 million cubic meters per day at its peak – roughly 4 percent of Britain’s annual gas production.
BP has multiple business operations in the US and therefore needs an OFAC license to avoid potential breaches of existing US sanctions, Reuters added.
BP emphasized in its 2016 annual report that it had obtained a net profit of $31.6 million over the year from its 50 percent stake in Rhum field.
“BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator,” Reuters quoted the company as announcing in its annual report.
BP (BP.L) and Iran's state-run oil company received a license
from the U.S. Treasury last year to operate their joint gas field in
the North Sea following the lifting of Western sanctions on Tehran,
BP said on Thursday.
Production at the Rhum field was suspended in 2010 when Europe imposed sanctions on Iran over its nuclear program and only resumed four years later after Britain agreed to set up a temporary management scheme whereby all revenue due to Tehran would be held until sanctions were lifted.
Following the removal of European Union and United Nations sanctions on Iran in January 2016, the temporary management scheme ceased.
Iran regained control of its stake and on Sept. 29, 2016 BP obtained a licence from the U.S. Treasury, through its sanctions enforcement arm - the Office of Foreign Asset Control (OFAC), to continue operations at the field, BP said in its 2016 annual report.
"BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator," it said in the annual report. BP did not specify for how long the Rhum field license was valid.
Production at the Rhum field was suspended in 2010 when Europe imposed sanctions on Iran over its nuclear program and only resumed four years later after Britain agreed to set up a temporary management scheme whereby all revenue due to Tehran would be held until sanctions were lifted.
Following the removal of European Union and United Nations sanctions on Iran in January 2016, the temporary management scheme ceased.
Iran regained control of its stake and on Sept. 29, 2016 BP obtained a licence from the U.S. Treasury, through its sanctions enforcement arm - the Office of Foreign Asset Control (OFAC), to continue operations at the field, BP said in its 2016 annual report.
"BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator," it said in the annual report. BP did not specify for how long the Rhum field license was valid.
Events and developments that cause thoughts looking shackles, though of course there are.
Thank you!
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