LONDON (Alliance News) - BP PLC is holding talks about returning to the Iranian market, which could see the oil company invest billions in the country where it was founded more than a century ago, The Times reported.
Executives from BP visited Tehran for talks in September, a spokesman for the company confirmed to the paper. "BP has met with industry officials," the spokesman said. "The details of those discussions are confidential. We have said for some time that we would be interested in reviewing opportunities in Iran once sanctions permit it," he added.
BP started life as the Anglo-Persian Oil Co and made the first ever oil discovery in Iran in 1908.
http://www.thetimes.co.uk/tto/business/industries/naturalresources/article4573737.ece
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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