BP, Goldman Sachs and Iran??????? hmmmm

http://naftiran.com/about.aspx
Excerpt:

NICO Projects

There are thousands of petroleum-based products that we rely on a daily bases. All of this translates into opportunity for oil and gas investors.
As the bulk of oil reserves are located in the five Persian Gulf countries, namely, (Iran, Kuwait, Qatar ,Saudi Arabia and the United Arab Emirates), it is estimated that by the year 2020 they will supply sixty percent of the world consumption which consist of forty percent for the oil and twenty percent for the gas.
Investment in the Persian Gulf Countries has become vital to world energy supply and security for the following reasons.

• 1- Their proven reserves in place stand well above 40% of the total world.
• 2- The cost of production is low compared to other regions.

http://www.youtube.com/watch?v=zrBllcUEhk0

Iran can afford a nuclear program because BP is making them rich

Uploaded by IranContraScumDid911 on Jun 20, 2010

Goldman dumps 44% of its BP investment 3 weeks before the Deepwater Horizon Sank ..... Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment

The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.

http://www.unitedagainstnucleariran.com/company/naftiran
Excerpt:
Most concerning are Naftiran's joint ventures with British Petroleum. In the North Sea, BP and Naftiran subsidiary Iranian Oil Company are 50-50 joint partners in the Rhum gas field project, which generates 1% of the UK's daily consumption, or $1 million of natural gas per day. The total value of the Iranian Oil Company's projects in the North Sea is $794 million (Time, "Sleeping with the enemy," 6/16/2010).
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Naftiran has also partnered with BP in the Shah Deniz gas field in Azerbaijan, a project that now produces 8 billion cubic meteres of natural gas per year - one of the largest gas fields in the world. BP owns 25.5% of this venture, while Naftiran owns 10%. ConocoPhillips-owned Lukoil also holds 10%. The second phase of Shah Deniz is expected to produce $16 billion, and Naftiran plans to invest $1.7 billion (Time, "Sleeping with the enemy," 6/16/2010).
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Naftiran is a major BP shareholder, with over $775 million in shares. The company also retains complete ownership of the Hood gas field in the North Sea, and maintains joint projects with Shell in Senegal (Company Website).

http://www.mydigitalfc.com/petroleum/ongc-partners-invest-10b-iran-projects-929
Excerpt:

Background

Naftiran Intertrade Company (NICO) was established in the Jersey Channel Islands (United Kingdom) in 1991.
The intention was to start trading crude oil and products, as well as to create a competitive opportunity for the investment in oil and gas projects, as well as to play an active role in world energy security.
To perform its commercial responsibilities efficiently, NICO decided to set up an executive service company in London, United Kingdom, named Naftiran Trading Services (NTS). The NTS Company played an active role and took considerable steps in establishing itself as an international trading partner in the field of crude oil and refined products during its eleven years life time, in line with the objectives set up.
In June 2003 a decision was made by NICOs management to transfer the whole NTS activities to a newly established company named Naftiran Intertrade Co (Srl), In Lausanne, Switzerland as its new service provider.

http://www.naftiran.com/projects.aspx
Excerpt:
Planning and Monitoring Department
Av. de la Tour Haldimand 6
1009 Pully
Switzerland
Tel. : (+41) 21 3106565
Email: nico.planning@naftiran.ch

http://www.time.com/time/nation/article/0,8599,1996921,00.html
Excerpt:

Sleeping with the Enemy: BP's Deals with Iran

By Massimo Calabresi / Washington Wednesday, June 16, 2010

 

The Shah Deniz Alpha Oil Rig.

Courtesy British Petroleum

Story Updated: June 18, 2010
Like most of the major Western oil companies, British Petroleum has cut back its ties with Iran as international sanctions against the Islamic Republic have mounted in response to its nuclear program. BP several years ago halted investments larger than $20 million into Iran's energy infrastructure, remaining below the threshold for penalties set by the 1995 Iran Sanctions Act. And in the second half of 2009, the company halted the sale of refined petroleum products to Iran, which Tehran needs because of its limited domestic refining capacity.
But BP remains one of the most active major western oil companies engaged in joint-venture energy projects with the Iranian Ministry of Petroleum outside of Iran. In the last five years, BP has begun extracting around 4 million cubic meters per day of natural gas from a field in Britain's North Sea in a 50-50 joint venture with Iran, worth $1 million a day at June 15, 2010 spot prices.

http://en.wikipedia.org/wiki/National_Iranian_Oil_Company
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