Press TV - As the US is preparing to restore sanctions against Irans oil exports within weeks, concerns are already rising among corporate leaders that oil prices could rise to unprecedented highs. BP's Chief Executive Bob Dudley was quoted by media as saying that Uncertainty surrounding Iran's oil industry ahead of forthcoming US sanctions could ...

BP says it looks for opportunities in Irans upstream oil industry as the country prepares to roll out new contracts for boosting recovery from its ageing fields. "If the sanctions are relaxed in a way that allows us to go work there, obviously we would explore opportunities in Iran," CEO Bob Dudley told reporters in London. As a company that ...