BP Has No Plans to Take Its Tankers Through Strait of Hormuz

July 30: BP has not taken any of its oil tankers through the Strait of Hormuz since a July 10 attempt by Iran to seize one of its vessels, the British company’s Chief Financial Officer Brian Gilvary said on Tuesday.

The oil and gas company has no current plans to take any of its own vessels through the strait, Gilvary said, adding that BP is shipping oil out of the region using chartered tankers.

“We will continue to make shipments through there but you won’t see any BP-flagged tankers going through in the short term,” he said.

Gilvary was speaking as the company reported better than expected second-quarter earnings due to a strong increase in oil and gas production.

Source: Reuters


For a recent update on maritime tensions in the Strait of Hormuz, please see our free CSOA report issued August 05.

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