UANI

Saipem is a 43% owned subsidiary of Italian giant, Eni. (Saipem Website, "History")

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"The oil rigs currently operating in Iranian waters mostly work for Iranian state-owned companies. The rigs are owned by a variety of foreign firms, including Norway's Sinvest, London-based Foresight Group, China Oilfield Service, Japan Drilling and Saipem, a subsidiary of Italian oil giant ENI. Industry sources said they would probably be certified by either Lloyd's or Bureau Veritas. BV did not respond to inquiries." (The Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)

Siirtec Nigi is an Italian engineering firm specializing in sulphur recovery, acid gas removal, oil and gas processing, and environmental cleanup (Company Website).

The Italian engineering and contracting company, Siirtec Nigi has been awarded several contracts to help develop Iran's energy sector. According to the company's website, Siirtec Nigi received a contract from Italian trading and supply firm Irasco S.r.l. in August 2007 to supply the engineering, procurement and fabrication of various technological units at Iran's Kharg Island.

According to Siirtec Nigi's website, ENI awarded the company two separate contracts for equipment for Iran's Darquain oil field.

Inox Tech manufactures "longitudinally welded corrosion resistant pipes in a wide range of sizes and materials" (Company Website).

According to the company's website, Inox Tech has manufactured corrosion resistant pipes for a variety of clients completing projects in Iran. Most recently, in 2009 the company provided South Korea's Daelim with pipes for its Iran liquefied natural gas project, and provided piping for a variety of South Pars' phases. Inox Tech's website also trumpets its work on the completion of Phases 4 and 5 of Iran's South Pars gas field development project.

Cemp International is an Italian engineering firm that manufactures industrial motors designed for application in the energy industry.

The firm lists a Tehran engineering company, Norahan Tadbir Toos Eng. Co., as providing sales, distribution, and repair services for Cemp in Iran. It also lists an additional firm in Mashad as providing repair services. 

Cemp International does business in the United States through its Canadian subsidiary, Lafert Metricmotors.

Sofinter is a steam and power generation company, deriving power from various sources including biomass, conventional fuels, and industrial waste. It specializes in the design, manufacture, and installation of salt water desalinization plants, along with waste treatment and industrial boilers (Bloomberg). 

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Sofinter subsidiary Europower manufactures machinery for power plants, and has been active in Iran. On its "Experience" page, Europower describes a contract it fulfilled to expand Iran's Shahzad Arak refinery, the largest in the Middle East. Europower provided machinery, design calculations, detailed drawings, 3D modeling, and materials requisitioning to facilitate an expansion of the plant. Europower contracted with the Iranian Oil Engineering and Construction Company, a state-owned entity. 

Snam Rete Gas "heads the regulated gas sector in Italy" and manages the transportation, regasification, and storage of natural gas through pipelines throughout Italy. They are 50.03% owned by ENI, had a net profit of 732 million euros in 2008, and 1.25 billion euros of investments (Company Website). 

Snam Rete Gas has been targeted for divestment by the Florida State Board of Administration as a company involved with the Iranian petroleum sector.

Gemels is an Italian industrial valve manufacturer for the manufacturing, automotive, oil, agriculture, and earthmoving industries (Company Website).

Gemels valves are advertised for sale on the website of Iranian distributor Hydraulic Karan.

Agip is an Eni subsidiary that operates in the North Caspian Sea.

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"Another trader said the market was aware that Italian firms Agip (ENI.MI) and Saras (SRS.MI) were importing Iranian crude with the financing help from Italian banks. Agip and Saras were not immediately available for comments." (Reuters, "Shell, Italy maintain Iran oil trade," 9/28/10)

"Italian oil refiner Saras SpA (SRS.MI), traditionally a big buyer of Libyan crude oil, said in a Reuters interview on Friday that it was looking at replacing oil shipments from Libya and had already slightly increased sour crude supplies from Iran." (Reuters, "Iran sells more oil as Libyan exports dwindle," 2/25/11)

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"Oil trade with Iran remains more difficult following tougher sanctions against the Islamic Republic, industry sources said, despite a message from the European Union that such operations are legal. Saras, an Italian oil refiner, said last week that transactions with Iran have become more challenging as banks are reluctant to get involved. Other European oil companies have made similar remarks privately. 'The banking side is the tough part. It is very tough. It has to be banks that haven't got any kind of interests in the United States,' said an Iranian crude oil customer in Europe. Iran is a major oil exporter and its production is equal to about 4.2 percent of daily world demand. The amount of Iranian crude sold to countries that are members of the International Energy Agency declined by 22 percent in August." (Reuters, "Credit hurdles remain hindrance to Iran oil trade," 11/18/10)

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"Another trader said the market was aware that Italian firms Agip (ENI.MI) and Saras (SRS.MI) were importing Iranian crude with the financing help from Italian banks. Agip and Saras were not immediately available for comments." (Reuters, "Shell, Italy maintain Iran oil trade," 9/28/10)

• "So why, according to sensitive trading records seen by the Guardian, did other European oil giants, including Shell, Total and API, increase their purchases? The answers illustrate the tendency of the increasingly complex measures being taken against Iran to throw up unintended consequences, and the apparent willingness of some oil firms to place profits ahead of the west's political strategy... Shell, Total and API all stressed they bought the oil at the market price and that no additional discount was received." (The Guardian, "Oil firms reap benefits of Iran's build-up of crude oil stocks," 9/27/2010)