Early Warning Signs
John Browne, CEO of British Petroleum, went on record for the world's second largest publically traded company today with this: ``To do business with Iran at the moment would be offensive to the United States and therefore against BP's interests. We're very heavily influenced by our American position.''
Mr. Browne knows that Mr. Chenny's corporation, Haliburton, has a business unit which does business in Iran. So saying that the reason to get out of the LNG rush, that started only recently, and has firms from East Asia in, and at historically attractive terms and conditions for foreign-owned energy extraction firms, is dubious.
I read tea leaves. I don't get invited on NPR however.
Comments
why doesn't 'BeyondPetroleum' also create a 'KBR' business unit for Iran purposes? They can just concentrate on data-gathering and exploration and just prepare for the post-bellum no-bid contracts...
[they may, but first they have to extract liabilities (people, things, contractual obligations). ebw]
Posted by: Peatey | January 21, 2005 07:20 PM
That's amusing. BP is the third incarnation of the Anglo-Iranian Oil Company of 1951 nationalization fame, which was the second incarnation of the Anglo-Persian Oil Company of 1906 complete-oil-concession fame.
[yup. a hoot. ebw]
Posted by: Marshall | January 21, 2005 07:55 PM