Join us on

Hinduja Group

Hinduja Group

Industry: 
Conglomerate, Energy
States: 
NY
Country: 
UK
Sources: 

“GAO said it had moved Hinduja Group firm Ashok Leyland Project Services out of the list of firms with 'active' energy ties with Iran to the ‘withdrawn’ category in 2011. Petronet and Hinduja Group had signed agreements with Iran in 2009 to develop one of the 28 phases of the giant South Pars gas field and convert the fuel into LNG for export at an investment of over $10 billion. The project never took off.“ (Economic Times, “US moves ONGC Videsh out of list of firms with ties to Iran,” 4/10/14) 

--

“A Swiss bank owned by India's Hinduja Group said this week it is continuing food trade finance with Iran despite the sanctions.” (Reuters, Iran poised to start big feed grain imports,” 4/13/2012)

--

"In December Iran offered Indian firms ONGC, the Hinduja Group and Petronet LNG (PLNG.BO) a 40 percent interest in the development in the South Pars Phase 12 project and Iran LNG. ONGC has said it was studying the viability of the proposals and would follow New Delhi's policy on Iran." (Reuters, Iran's crude export and fuel import customers, 4/13/2010)

--

"ONGC/OVL, in association with Hinduja Group and Petronet LNG, have agreed with Iranian authorities to develop gas fields and liquefaction facilities in Iran in return for a minimum 6 million metric tons of LNG per annum on long-term basis. " (Offshore Magazine, ONG/OVL, Hinduja Group, Petronet agree to Iran LNG development, 12/21/2009)

--

"India's Oil and Natural Gas Corp (ONGC.BO) and the Hinduja group will jointly get a 40-percent stake in Iran's South Pars-12 project, Managing Director of Iran's national oil company Seifollah Jashnsaz said." (Reuters, "India, Angola cos to get stake in Iran project," 12/1/09)

--

"Coinciding with the Ahmadinejad visit [to India in April 2008] the Hinduja-ONGC Videsh group won preliminary Iranian approval to take a 45% stake in the large Azadegan oil field project and a 60% stake in South Pars gas field Phase 12." (Congressional Research Service, "The Iran Sanctions Act," 7/23/08)

--

"India's Oil and Natural Gas Corporation (ONGC) and UK-based Hinduja Group have announced a deal with National Iranian Oil Company (NIOC) to develop the Farsi Block in Iran. ONGCs international exploration arm ONGC Videsh Limited (OVL) already operates the field with a 40% stake under an exploration deal, alongside Indian Oil Corporation (IOC) with 40% and Oil India with 20%. The partners announced the discovery of hydrocarbons at the field in 2007 and are now hoping to gain permission to develop the field." (Emerging Europe Oil and Gas Insights, "OVL And Hinduja Keen On Farsi Development," 4/1/08)

Response: 

No response at this time.