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Wednesday, May 23, 2018 7:16 GMT
BP has had to halt work on one of its North Sea gas fields due to the reintroduction of US sanctions on Iran in the wake of Donald Trump’s decision to withdraw the US from the Iran nuclear deal. BP owns 50% of the Rhum gas field, while the National Iranian Oil Company (NIOC) holds the other half. The company said: “BP has decided to defer some planned work on the Rhum gas field in the North Sea while we seek clarity on the potential impact on the field of recent US government decisions...More