According to publicly accessible ship-monitoring data, since January 1, 2016, Atlantica vessels have called at Iranian ports on numerous occasions.
"Despite requests from exporters, GIEK has so far been unable to support businesses seeking to sell to Iran
** “We haven’t been able to guarantee investments in Iran so far, this has to do with the banking sector and the banking relationships with Iran. Because we need a bank to cooperate with in case we should do some transactions and this has proven to be very, very difficult,” Nistad added." (Reuters, "2/28/2018).
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Export Credit Norway and GIEK have today signed memorandums of understanding to facilitate financial cooperation between Norway and Iran. (8/22/2016)
Export Credit Norway and GIEK have today signed memorandums of understanding to facilitate financial cooperation between Norway and Iran. (8/22/2016)
According to a response sent to Minnesota State Board of Investment in January 2019, "Odfjell Invest Ltd nor any of its affiliates has had any active business operations in Iran after 4 November 2018. Since entering the Iranian oil and gas market in 2016, Odfjell Well Services II Ltd ("OWS"), a company in the Odfjell Drilling group, held two contracts until the end of the wind-down period on 4 November 2019:
All activities under these two contracts were terminated by OWS prior to the end of the wind-down period. Personnel and equipment demobilizaton was initiated before the end of the wind down period and completed shortly thereafter.
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Odfjell was removed from the May 15, 2019 Iowa Public Employees' Retirement System Iran Prohibited Companies List.
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In 2019, CalSTRS identified Odfjell Drilling as potentially having ties to Iran. CalSTRS
subsequently removed Odfjell drilling after confirming the winddown of their Iranian involvement and reviewing the company’s internal controls.
Had signed a $2.9 billion deal with state-owned Amin Energy Developers in October 2017 to build solar power plants in Iran; has indicated that construction on the plants could be delayed. "Norway's Saga in $2.9 billion deal to build solar power plants in Iran," Reuters, October 17, 2017.
"The company has been identified as potentially providing mobile phone services in Iran. In 2019 CalPERS designated the company as under review. In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS continues to monitor the company for possible changes in status relevant to the Act."
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In 2017, CalSTRS designated Telenor ASA as “Under Review” for reportedly having roaming and service agreements with the Iranian state-owned Mobile Company of Iran. CalSTRS maintained the “Under Review” designation in 2018.
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In 2017 the U.S. state of California listed Telenor as a company under review for reportedly having roaming and service agreements with the Iranian state-owned Mobile Company of Iran.
"Norway's Offshore Resource Group signed a memorandum of understanding with Khazar Exploration and Production Company to the study the development of Sardar-e Jangal oil and gas field off Gilan Province in the Caspian Sea as well as the offshore exploratory blocks of 24, 26 and 29." (November 1, 2017)
"The company was reported as potentially providing lightweight composite cylinders which may be used for the storage of gases. In 2018 CalPERS designated the company as under review. In 2019 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS has maintained the company in “monitor” status for 2020. CalPERS continues to monitor the company for possible changes in status relevant to the Act."
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In 2017, CalSTRS designated Hexagon Composites as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed the company as it no longer holds any of the company’s securities.
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In 2017 the U.S. state of California listed Hexagon Composites as a company under review for reportedly providing lightweight composite cylinders for the storage of gases in Iran.
"… By way of background, Hexagon provided one cylinder (pressure vessel) to Iran in 2016 for package studies.
…Hexagon also has strict internal controls that will actively prevent any business with Iran in the future. As you note, in 2019, the California Public Employees’ Retirement System (“CalPERS”) did not identify Hexagon as having involvement in any activities targeted by the 2019 California Public Divest from Iran Act. Please be advised that Hexagon recently responded to an inquiry from CALPERS, confirming that Hexagon has no ties to Iran. Thus, as requested please consider this official communication from Hexagon confirming complete cessation of Iran business. We request that United Against Nuclear Iran update the Iran Business Registry accordingly.”" (Response 6/9/2020)
As of February 14, 2020, the state of Iowa removed DNO ASA from its Iran Prohibited Companies List.
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As of August 15, 2019, the state of Iowa listed DNO on its Iran scrutinized companies list.
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In 2018 the U.S. state of Iowa listed DNO ASA on its Iran scrutinized companies list rendering DNO ASA ineligible for investment and/or state contracting.
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National Iranian Oil Company has received a proposal from Norway’s DNO oil and gas operator for the development of Changouleh Oil Field, a major one in western parts of the country. Gholam-Reza Manouchehri, the deputy for development and engineering affairs of NIOC confirmed that DNO’s proposed plan for the development of Changuleh oil field in Lorestan Province had been received. Manouchehri expressed hope that this would lead to an NIOC move to award the project to the Norwegian company. Jeroen Regtien, DNO’s operations director also said that the company had tried to present what he described as an attractive proposal over the development of Changuleh, based on DNO’s existing capabilities. (August 14, 2017).
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DNO ASA, the Norwegian oil and gas operator, today announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the development of the Changuleh oil field in western Iran. Changuleh, discovered in 1999 but never developed, is estimated to hold more than 2 billion barrels of oil-in-place. "Iran presents an obvious and exciting next step in expanding DNO's footprint in the region," said DNO's Managing Director Bjørn Dale. "Our low-cost, fast-track development strategy and our fractured carbonate reservoir experience in the Kurdistan region of Iraq can be easily applied and leveraged in Iran," he added. The Company has established a wholly owned subsidiary DNO Iran AS amid preparations to increase its presence in Iran. (DNO Website, "DNO Signs MoU to Develop Iran's Changuleh Oil Field," 11/16/2016).
Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.