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Conglomerate, Construction, Energy
Doosan Corporation is the parent company of the construction equipment brand Bobcat, which also does business in Iran.
Doosan has a significant presence in Iran’s energy sector, having constructed at least nine power plants in Iran. (Doosan Heavy Industries Website. “Major Projects”).
Doosan has won orders to supply more than 60 Heat Recovery Steam Generators (HRSGs) for Iran. (Doosan Website. “Doosan Wins Successive Orders for Power Generation Equipment from Iran, Vietnam,” 7/21/2009; Doosan Website. “Doosan Heavy Industries and Construction wins 74 million-euro power plant project in Iran,” 6/14/2009).
Recently, Doosan has also worked directly with the Iran Oil Company, specifically on LPG Recovery for the Win-teco/Lavan Oil Refinery in Iran in 2007, and the SAZEH Ball Tank project for Win-teco/National Iran Oil Company in 2008 (Doosan Mecatec Website. “Major Accomplishments”).
In total, all Doosan companies have received more than $100 million from the U.S. Government in federal contracts since 2000 (USASpending.gov).