Saturday, September 23, 2023
Homedavos world economic forum 2014We are not in any discussions with Iran: BP Chief

We are not in any discussions with Iran: BP Chief

BP CEO Bob Dudley has denied the energy giant was in talks with Iran, two days after an international deal took effect which could see oil sanctions lifted on the country.

When asked by CNBC if the multinational oil giant was in dialog with the Middle Eastern nation, Dudley said Wednesday: "We are not in any discussions with Iran. It (BP) is a company that was founded over 100 years ago in Iran, but we do not do business with Iran today."

Dudley was speaking to CNBC from the World Economic Forum in Davos, Switzerland. Economic and political policymakers, as well as corporate executives, attend the annual meeting.

Dudley was appointed executive director of BP in 2009, after joining the company following its merger with Amoco.

Regarding the decision of Iranian President Hassan Rouhani to attend Davos, Dudley said: "I think dialog is great. It is the heart of developing policy and decisions."

Iran struck a six-month interim deal with the UN Security Council, which took effect on Monday. The country agreed to limit its nuclear enrichment program in exchange for certain international sanctions being lifted.

While Iran is still only allowed to sell 1 million barrels per day of crude oil, a successful deal could see a long-term pact being struck, with all sanctions — including those on oil sales — being lifted.

(View more: Iranian oil won't reach market in 2014: Pro)


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