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BP eyes investment in Iran oilfields: Report

Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects

British oil and gas giant BP is keen to invest in the development of certain Iranian oilfields, the Iran Daily has quoted Tehran’s deputy oil minister as saying.

Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects, Roknoddin Javadi explained, the report said citing Mehr News Agency.

Resumption of Iran’s crude oil sale to the company is also among the agenda for talks, Javadi, who also heads the state-owned National Iranian Oil Company (NIOC), was quoted as saying.

BP has also expressed readiness to reopen an office in Iran with plans to resume activities in Tehran in the summer, Javadi said.

Staff Writer

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