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INTRODUCTION "In the modern world social progress rests on economic development. This, in turn, depends on energy"1. In an industry notable for efficiency and advanced technology, the British Petroleum (BP) group stands out as a complete provider of energy and petrochemicals. BP owes its origin to one man, William Knox D'Arcy, who, shortly after the turn of the century, invested time, money and labour in the belief that worthwhile deposits of oil could be found in Persia (now known as Iran). BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups with headquartered in London- United Kingdom. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; manufacturing and marketing of petrochemicals. They also have a growing activity in gas and power and in solar power generation. The BP of today is an international company, having operations in...

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