Sentiment towards BP and Shell has strengthened significantly off the back of oil price spikes. But it’s a complex picture. Neither company has production in Iran. But BP’s significant production in Iraq and Abu Dhabi risks being bottlenecked through disruption to the Strait of Hormuz. For Shell the same applies to its LNG facilities in Qatar and the Emirates. If a moderate sustainable regime is established in Iran, there is the potential for substantial derisking, and for prices to be rebased downwards. If sanctions are removed, it also opens the door for investment into Iranian oil fields.
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The company is working to implement more guardrails to address any community concerns, adding: “We are ready to work with any of those cities again, should they choose.”。快连下载-Letsvpn下载对此有专业解读
The regime in Tehran has long insisted that the programme is for civilian purposes and it has no intention of making a nuclear weapon. However, since two undeclared sites, for uranium enrichment and heavy water plutonium production, were discovered in 2002, the programme has been treated with intense suspicion.