Wednesday, Jan 25, 2012
VIENNA (Dow Jones)--The Shah Deniz natural gas project doesn't expect to get caught up in any potential sanctions on Iran, BP Shah Deniz Development's Marketing Manager Steve Garlick said Wednesday.
"There is at the moment an exemption, whether this exemption holds remains to be see," Garlick said at the European Gas Conference here.
The increasing focus on the project in the U.S. because of Iranian national oil company Naftiran Intertrade Co.'s 10% stake in the project was something that the company was watching carefully, he said.
"These projects are all about risk and managing risks," said Garlick.
-By Nicole Lundeen, Dow Jones Newswires; +43 1 513 69 2210, nicole.lundeen@dowjones.com
(END) Dow Jones Newswires
25-01-12 1652GMT
