Belarus

Association of Belarusian Banks

Industry
Banking
Country
Belarus
Response

"The CJSC “Trade Capital Bank” was established and acting in accordance with the national laws of the Republic of Belarus, is member of the Association of Belarusian Banks and therefore, is a lawful legal entity. With this regard, no expulsion of the mentioned Bank from the Association is currently possible." (March 22, 2019)

BelOil

Industry
Energy
Country
Belarus
Sources

"Reuters reported that Belarus's Bel Oil had purchased 80,000 tons - equal to 600,000 barrels - of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February. Bel Oil is expected to ship the Iranian crude oil to either the Black Sea port of Odessa or the Baltic port of Ventspils for rail transportation to Belarus, the report added. The logistics for this are yet to be agreed... Belarus' reported purchase of oil from Iran comes as the country is trying to look for alternative crude oil supplies after Russia cut exports to the country in 2016 over a gas price row between the two countries." (Reuters, "Belarus purchases first ever oil cargo from Iran," 2/17/2017).

Belorusneft

Industry
Energy
Country
Belarus
Sources

"Some firms on the list already are the targets of federal sanctions. They include the state-run Petroleos de Venezuela, the Belorussian firm Belarusneft, China's Zhuhai Zhenrong Co., Singapore's FAL Oil Co. and Kuo Oil, and Switzerland-based Naftiran. Others, including Angola's Sonangol, reportedly have pulled out of Iran in response to international sanctions." (The Baltimore Sun, "22 companies are listed for alleged Iran ties, sanctions," 9/17/2012)

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"The United States on Tuesday added a Belarussian oil company to its blacklist of firms accused of flouting sanctions imposed on Iran for failing to rein in its suspect nuclear program. Belarusneft allegedly signed a $500 million dollar contract in 2007 with the Iranian firm NaftIran Intertrade to develop the Jofeir oil field. NaftIran was slapped in September 2010 with US sanctions as part of a UN embargo imposed on Tehran in June 2010. The blacklisting of Belarusneft means the firm will be barred from doing business on the American market, a State Department statement said.

According to the US State Department, the global sanctions have hit Iran's capability to invest in oil and gas production. 'Iran's ability to attract new investment to develop its oil and natural gas resources, and to produce or import refined petroleum products, has been severely limited,' the State Department said in a statement. Cutting the Islamic republic's income from oil and gas revenue is one of the main thrusts of the US strategy to stop Iran from investing in its nuclear energy program." (AFP, "US blacklists Belarus oil firm for Iran ties," 3/29/11) 

 

BelAZ

Industry
Construction
Country
Belarus
Contact Information
Sources

 In 2020, the U.S. state of Mississippi listed BelAZ on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering BelAZ ineligible for investment and/or state contracting.

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In 2017, the U.S. states of Mississippi and New Jersey listed BelAZ on its state list of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering BelAZ ineligible for investment and/or state contracting.

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Belaz is a large Belarusian construction equipment manufacturer specializing in mining. It sells equipment in Iran through the dealer Zagros Machine Mining & Construction Equipment

Response

"I would like to assure you that the company is not engaged in any investment activities with Iran, as the Mississippi Department of Finance and Administration misleadingly posted on its website…." (8/25/2020)

Belneftekhim

Industry
Energy
Country
Belarus
Contact Information
Sources

In 2020, the U.S. state of Mississippi listed Belneftekhim on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Belneftekhim ineligible for investment and/or state contracting.

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As of June 8, 2020, Belneftekhim is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.  

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On March 13, 2019, the Mississippi Department of Finance & Administration identified Belneftekhim as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”  

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In 2017, the U.S. states of Mississippi, New Jersey and Pennsylvania listed Belneftkhim on its state list of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Belneftkhim ineligible for investment and/or state contracting.

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Belneftekhim signed a contract in 2007 to develop oil production in Iran's Jofeir field, increasing production by 40,000 bbl/d. The contract was valued at $450 million (GAO Report 2010 - "Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors").

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"The members of the delegation held meetings with the leadership of the national company of petrochemical industry of Iran, national petrochemical company for foreign cooperation and the Iranian petrochemical trade company.  As a result of the meetings the sides signed a Protocol on cooperation.  The sides reached an agreement to increase two times the export of acrylic fibers to Iran, the organization of deliveries of polyester fibers.  The Belarusian delegation discussed the issues of optimizing the transportation of goods from Belarus to Iran, studied the possibility of purchasing from Iran the raw materials to ensure the needs of the concern “Belneftekhim”." (Ministry of Foreign Affairs of the Republic of Belarus, 2004)