3X Engineering is listed as an exhibitor at the 23rd International Oil, Gas, Refining and Petrochemical Exhibition (“IOGRPE”), which took place at the Tehran International Permanent Fairground on May 6-9, 2018. (Iran Oil Show 2018 Website, “Exhibition”).
The ERC determined to add Safe Technical Supply Co., LLC to the Entity List under the destinations of Oman, Saudi Arabia and the UAE, as this entity has been involved in the proliferation of unsafeguarded nuclear activities. (Bureau of Industry and Commerce, 11/13/2019).
"Iran has signed a memorandum of understanding with Italian and Chinese investors on building solar power plants with a combined capacity of 100 megawatts in the central province of Yazd. The agreement was signed on Sunday by Deputy Governor General of Yazd Province for Coordination of Economic Affairs Ali Zeynivand and the representatives of Italy’s Denikon Company and China’s Sinosteel Company in a ceremony marking the first anniversary of World Registration of Historical Texture of Yazd, IRNA reported." (Financial Tribune, "Italian, Chinese Firms to Help Expand Yazd Solar Capacity," 7/9/2018).
On June 4, 2019, Gazprom Promgaz was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Gazprom Promgaz remains on the SBA list of prohibited investments.
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On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed Promgaz on its scrutinized companies Iran/Sudan list.
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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Promgaz on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.
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on January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. Promgaz is included on this list.
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As of December 31, 2019, the Alaska Retirement Management Board lists Promgaz as a company doing material business with Iran.
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Gazprom Promgaz is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.
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Gazprom Promgaz was added to the Alaska Retirement Management Board list of companies doing business with Iran in June 2019.
In 2020, the U.S. state of Mississippi listed Offshore Oil on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.
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In June 2020, Offshore Oil Engineering Co was listed by the Connecticut Office of the Treasurer as a restricted company and therefore prohibits direct investment in the company due to its involvement in Iran.
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Following the removal from the Florida list on September 24, 2019, South Dakota Investment Council also removed Offshore Oil from its Iran Scrutinized Companies list effective November 21, 2019.
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Offshore Oil Engineering is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.
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Offshore Oil Engineering is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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Offshore Oil Engineering is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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Offshore Oil Engineering was added to the June 30, 2017 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
"The company was reported as potentially having a stake in an Iranbased joint venture. 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 2014, Larsen & Toubro Ltd. was identified by CalSTRS service providers as providing products to Iran. Additionally, Larsen & Toubro Ltd. holds a stake in an Iran-based joint venture, IndIran Engineering Projects and Systems. In 2014, CalSTRS designated Larsen & Toubro Ltd. as “Under Review” for potentially having ties to Iran. In 2015, CalSTRS designated Larsen & Toubro Ltd. as “Being Monitored.” CalSTRS has maintained the “Being Monitored” status in 2020."
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In 2014, the California State Teachers’ Retirement System (“CalSTRS”), designated Larsen & Toubro as “Under Review” for providing products to Iran and holding a stake in an Iran-based joint venture, IndIran Engineering Projects and Systems. In 2015, CalSTRs designated Larsen & Toubro as “Being Monitored” and maintained that designation in 2019. In 2018, the California State Public Employees Retirement System (“CalPERs”) designated Larsen & Toubro as under review for potentially having a stake in an Iran-based joint venture. In 2019, CalPERs changed the designation to “Being Monitored” because CalPERS’ “initial screening has not identified the company as having involvement in the [activities] targeted by the [2019 California Public Divest from Iran] Act
On March 7, 2018, China Petroleum was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, China Petroleum remains on the SBA list of prohibited investments.
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China Petroleum Engineering Corp is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.
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China Petroleum Engineering is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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China Petroleum Engineering is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
"HYFLUX on Tuesday announced that its subsidiary has been released and discharged from all rights, duties, obligations, claims and demands under a contract for a desalination package in Iran. Under the contract, the subsidiary, Hyflux International Pte Ltd (HIPL), was to design, manufacture and supply a seawater reverse osmosis desalination package in Bandar Abbas, Iran. Iranian firm Asia Water Development Engineering Company (AWDEC) had awarded the project to HIPL in April 2018. However, it was suspended in October 2018, after the US reintroduced sanctions on Iran and pulled out of the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action." (The Business Times, 11/27/2019).
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"Hyflux has received a letter of intent (LoI) for the award of a second contract from Asia Water Development Engineering Company (AWDEC) for a seawater reverse osmosis desalination package at Bandar Abbas, Iran. The announcement follows the $110.7 million contract awarded by AWDEC in April this year for a similar project at the same location, which Hyflux says AWDEC is pleased with thus far based on the project’s first phase of progress." (The Edge, "Hyflux wins second contract for Iran desalination project despite restructuring," 7/11/2018.)
In 2017 the U.S. state of Michigan listed Mentor Graphics Corp. on its Iran restricted companies list rendering Mentor Graphics ineligible for investment and/or state contracting.
According to an Iranian newspaper, KBR’s U.K. subsidiary has signed a Memorandum of Understanding with the Iranian firm, Pardis Petrochemical Company (“PPC”) to “provide technology and services at [PPC’s] ammonia and urea complex” in Assaluyeh, the southern port city. According to Iran’s Financial Tribune newspaper, PPC is “one of the world’s top producers of the two compounds that form the building block of many products, including plastics, explosives, textiles, pesticides, fertilizers and resin products.” (Financial Tribune, “US Firm, Iranian Petrochemical Co Sign Agreement,” 1/30/2018).
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.