Iran sanctions could hit sale of ArcLight's NSMP: Reuters

The sale of U.S. private equity firm ArcLight Capital Partners’ North Sea Midstream Partners (NSMP), an oil and gas pipeline business, could be hit by renewed U.S. sanctions on Iran, sources told Reuters, as one of its major clients is part-owned by the Iranian Oil Co. Parties interested in NSMP include Canada's OMERS Infrastructure which has teamed up with Macquarie, JP Morgan, Canada Pension Plan Investment Board and KKR, which is working with BlackRock, the sources said. It was not clear whether they had bid. ArcLight initially created NSMP in 2012 to invest in the midstream sector of the North Sea’s oil and gas industry.

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