UK beneficial ownership (BO) register records Iranian Oil Company ownership change in real time following US sanctions, enabling public and official monitoring

A UK-based Iranian Oil Company holds a 50% interest in the Rhum gas field in the North Sea. Following US sanctions against Iran in 2018, the Iranian government's shareholding was transferred into a trust. The UK BO register recorded the change in real time, enabling competent authorities and the public to track the structural response to sanctions pressure.

Year published

Show records from 2018

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Type of resource

Show records of type Civil society