# The US extended a license allowing BP Plc to use a workaround to handle payments involving sanctioned Iranian and Russian partners in a major gas project in Azerbaijan.

*fintech · news · 2026-05-06 · Bloomberg*

## Key points

- The US extended BP's license to transact with sanctioned Iranian and Russian partners in Azerbaijan.
- The license specifically covers BP's operations in the Shah Deniz gas project in the Caspian Sea.
- This extension enables BP to continue handling payments otherwise restricted by US sanctions.
- The license was granted by the US Treasury's Office of Foreign Assets Control (OFAC).

**Companies:** BP Plc
**Countries:** United States, United Kingdom, Iran, Russia, Azerbaijan

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-05-06/bp-license-to-work-with-iranian-russian-partners-in-azeri-field-extended-by-us)

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