Oil companies in Iran: Business as usual is relative

Oil companies working in Iran have been unfazed by the violent demonstastrations that errupted after the presidential elections. Statoil, for example, is giving the small group of expats it employs there the choice to leave if they chose to and considering asking family members to leave, but business goes on as usual.

Schlumberger, the oil services company, is in a similar boat, with most of its employees out in the fields, far away from the unrest in Tehran.

If ever there was an industry used to working under tense political conditions, it is the oil and gas sector.  As one executive says: “You don’t find oil in Switzerland.”

Update: Statoil has now pulled expat workers’ families out of Iran.

Related links:

Statoil may pull expat families from Iran (Reuters, 16/06/09)
Foreign executives watch Iran’s protests and wonder..
(FT Energy Source, 16/06/09)

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