BP will look for upstream opportunities in Iran once sanctions on the oil producing country are lifted, but is unclear what Tehran’s intentions are for its new oil contracts, BP’s chief executive Bob Dudley said Tuesday. Dudley added he was wary of rushing into Iranian projects until the situation with the sanctions regime was clear. “If the sanctions are relaxed in a way that allows us to go work there, obviously we would explore opportunities in Iran. We are not actively in that phase,” Dudley told reporters. “The agreements as laid out are quite complicated and actually no one really knows all the details yet. As a company that works all over the globe it would be natural for us” to work in Iran, he said. Article continues below… The Platts Global Energy Awards is a competitive awards program honoring excellence and accomplishments in the global energy industry. The […]