Large Sarge
23rd May 2010, 05:22 AM
this gets a little knotty, but I heard a snippet on the news, and said BP had the largest position in Iran (for oil)
so I started digging
basically "Anglo-Iranian Oil" Company Became BP
they hold 40 percent shares of the Iranian oil (that makes them a likely majority shareholder)
http://www.newworldencyclopedia.org/entry/Anglo-Iranian_Oil_Company
Consortium
After the regime change the Iranian oil started flowing again and the Anglo-Iranian Oil Company, which later changed its name to British Petroleum, tried to return to its old position. However "public opinion was so opposed that the new government could not permit it." Instead an international consortium under the nationalized name (National Iranian Oil Company) was created, the Anglo-Iranian Oil Company being just one member and holding 40 percent of the shares. The consortium agreed to share profits on a 50-50 basis with Iran, "but not to open its books to Iranian auditors or to allow Iranians onto its board of directors."[21]
so I started digging
basically "Anglo-Iranian Oil" Company Became BP
they hold 40 percent shares of the Iranian oil (that makes them a likely majority shareholder)
http://www.newworldencyclopedia.org/entry/Anglo-Iranian_Oil_Company
Consortium
After the regime change the Iranian oil started flowing again and the Anglo-Iranian Oil Company, which later changed its name to British Petroleum, tried to return to its old position. However "public opinion was so opposed that the new government could not permit it." Instead an international consortium under the nationalized name (National Iranian Oil Company) was created, the Anglo-Iranian Oil Company being just one member and holding 40 percent of the shares. The consortium agreed to share profits on a 50-50 basis with Iran, "but not to open its books to Iranian auditors or to allow Iranians onto its board of directors."[21]