Iran President ‘to brief oil execs at Davos’

Iranian President Hassan Rouhani22 January 2014, News Wires – Senior executives from some of the world’s top oil companies are to be addressed by Iranian President Hassan Rouhani at the Davos World Economic Summit in Switzerland on Thursday, according to a report.

BP chief executive Bob Dudley and counterpart at Anglo-Dutch supermajor Shell, Ben van Beurden, will be amongst the oil bosses on a panel to be addressed, Reuters reported.

Christophe de Margerie, chief executive of French supermajor Total, and Eni boss Paolo Scaroni will also listen to the speech at the summit, the news wire reported.

ExxonMobil and other US oil companies may also be in attendance, Reuters continued, citing unidentified executives at the Davos event.

The annual summit began on Wednesday and will run until Saturday.

Both Iran and international oil players will be keen for a resumption to industry operations in the sanctions-hit Middle East hydrocarbons powerhouse.

An interim deal on Iran’s nuclear programme reached late last year with world powers may eventually pave the way for foreign oil companies to once again begin working in and with the country.

Only last week, Dudley said that the UK supermajor had not held with authorities in Iran about a possible return.

“No, we haven’t had any discussions (with the Iranians),” Dudley said at the unveiling of BP’s Global Energy Outlook 2035.

– Upstream

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