BP decided to end its involvement with projects in Iran Tuesday after the U.S. threatened to sanction companies that choose to operate within the country.
“JUST IN: British Petroleum is Ending projects in #Iran following threat of US Sanctions. Follows Total, Siemens, Maersk, Allianz, others…,” a reporter for the National, a news source in the United Arab Emirates, tweeted Tuesday morning.
JUST IN: British Petroleum is Ending projects in #Iran following threat of US Sanctions. Follows Total, Siemens, Maersk, Allianz, others… https://t.co/1MCyK1jmmp
— Joyce Karam (@Joyce_Karam) May 22, 2018
شرکت بریتیش پترولیوم انگلیس: با توجه به تحریمهای #آمریکا علیه ایران، همکاری با شرکت ملی نفت ایران در یک پروژه نفتی در دریای شمال را متوقف میکنیم.
— خبرگزاری فارس (@FarsNews_Agency) May 22, 2018
BP is the latest Europe-based company to pull out investment and commitments from Iran following the Trump administration’s threats of sanctions and backlash for involvement with Iran.
Oil giant Total SA, energy firm Wintershall AG, shipping behemoths Maersk Tankers AS and Torm AS, and multiple insurance companies have all pulled out their interests from Iran, the Wall Street Journal reports.
