Reuters has learned that on February 1, Iran-based Naftiran Intertrade increased its holding in British oil giant BP Plc by 1.85 million shares. It now holds a stake worth more than $190 million.
In addition to the shareholding, the Iranian company’s ties to BP include the Rhum gas field in the North Sea, a venture that’s now suspended due to sanctions. It also has active projects like a gas field with BP in Azerbaijan, and an investment with Royal Dutch Shell in fuel distribution in Senegal.
Read more: Iranian oil trading firm has $190mil stake in BP
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