Thailand

In 2018 the U.S. state of Iowa listed PTT Public Company as an Iran restricted company rendering PTT Public Company ineligible for investment and/or state contracting.

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In 2017 PTT was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because "there is no recent evidence that indicates that the company meets criteria."
 

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In 2016, PTT was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of oil-related investment of US $20 million since 1996 and evidence emerged that the company met criteria.

 "Both AirAsia X Berhad (airline code D7) and Thai AirAsia X (airline code XJ) announced Tehran as their latest destination in the AirAsia X Group’s route network, connecting both Kuala Lumpur and Bangkok directly to the Iranian capital, Tehran. Direct flights to Tehran from Kuala Lumpur (klia2) and Bangkok (Don Mueang International Airport) will be operated three times (3x) weekly, with the commencement date set on 21 June 2016 and 22 June 2016 respectively." (2016)

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"Iranian president Hassan Rouhani arrived for the summit in Bangkok, marking the first Iranian presidential visit to the Southeast Asian nation... Thai Airways and Thai AirAsia X started selling direct flights between Bangkok and Tehran this year in a bid to attract wealthy tourists from the Middle East." (Reuters, "Thailand to revive Iranian economic ties through rice deals, trade," 10/10/2016).

"Thai Airways International in late last week’s inventory update closed reservation for service to Iran, currently served 4 times a week. Reservation for Bangkok – Tehran Imam Khomeini route, on/after 01MAR18, is no longer available for reservation." (January 29, 2018)
 

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"Iranian president Hassan Rouhani arrived for the summit in Bangkok, marking the first Iranian presidential visit to the Southeast Asian nation... Thai Airways and Thai AirAsia X started selling direct flights between Bangkok and Tehran this year in a bid to attract wealthy tourists from the Middle East." (Reuters, "Thailand to revive Iranian economic ties through rice deals, trade," 10/10/2016).

Chokephana Mining reportedly participating in the Iran Mines & Mining Industries Summit, being held in Tehran May 31-June 1, 2015. (IMIS Website, “List of companies participating in IMIS”)

As of June 8, 2020, SCG 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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"Before sanctions, European banks such as HSBC, Société Générale, BNP Paribas and Deutsche Bank invested $10bn in petrochemical projects, which Iran used to import technology. Currently the only foreign production partner is SCG, of Thailand, which has a contract with a polyethylene company worth about €300m.” (Financial Times, “Iran says investors spooked by warnings on sanctions violations,” 2/9/14)

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“The Siam Cement Group (SCC) has entered into a $225 million joint venture in Iran to produce HDPE with the production capacity of 300,000 ton per year, and is expected to start commercial operation by the first half of 2008. SCC will retain a 38% stake in the project, while National Petrochemical Company of Iran, Itochu Corporation of Japan, and National Petrochemical Company of Thailand, all of whom are experienced in the petrochemicals industry, will hold stakes of 40%, 12%, and 10%, respectively. SCC?s investment in equity will be approximately $26 million or 1,040 MB. Moreover, the project?s risks have been managed with the insurance coverage issued by the Multilateral Investment Guarantee Agency (MIGA) and the Nippon Export and Investment Insurance (NEXI). MIGA is a unit of the World Bank Group. This initiative is in line with SCC?s strategy to gain access into the middle-east region which contains the world?s lowest cost petrochemicals feedstock. In particular, the HDPE plant will derive its feedstock from Iran olefins crackers, which is considered to be globally competitive and are of great importance to their national petrochemicals program. Hence, the project is enhanced with an integrated feedstock supply and committed long term viability. Furthermore, this investment will allow for increased production capacity, in response to the ever increasing global demand of petrochemicals products, as existing polyolefins plants are currently running at full utilization.” (SCG, “IR News & SET Notice,” 6/2/05)

"The Thai-listed Regional Container Lines' (RCL) first oceangoing ship docked at Shahid Rajaei port to unload its cargo. 'The ship named Diaporos entered Iran's biggest port and its unloading and reloading took less than 22 hours,' said Director General of Hormozgan Province's Ports and Maritime Organization Ebrahim Aidani on Sunday..." (Fars News Agency, “Thai RCL's First Oceangoing Ship Berths in Iran,” 5/1/2016)

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Listed by the Iranian Ports and Maritime Organization as doing business with the Iranian Haft Darya.  (Ports & Maritime Organization: Companies Affairs Department: Liners)

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Regional Container Lines (RCL) Persian Gulf Service from Bandar Abbas to Jebel Ali and Khor Fakkan was displayed on its website and updated as recently as March 27, 2013. In correspondence to UANI on July 9, 2013, however, RCL confirmed that it had no business with Tidewater. All references to RCL's Iranian operations have now been removed.

In 2018 the U.S. state of Iowa listed PTT Exploration as an Iran restricted company rendering PTT Exploration ineligible for investment and/or state contracting.

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"Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) has handed over the result of its studies on a number of Iranian oil and gas fields to the National Iranian Oil Company (NIOC). The studies included development projects of Changouleh, Balal and Dalamperi oilfields in Iran. NIOC will weigh studies of the Thai company to decide whether to award the projects to it. NIOC has signed memoranda of understanding (MoUs) with several other oil majors to study the same fields." (August 29, 2017).

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Iran has signed a basic agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to study its Changuleh oil field which appears to be one of the country’s emerging top oil project prizes. Based on the agreement that the PTTEP signed with the National Iranian Oil Company (NIOC), it would have to study Changuleh – as well as Balal and Dalamperi oil fields - within six months. The Ministry would then evaluate the Thai company’s findings and decide on whether to award the project’s development to the company. Gholam-Reza Manouchehri, the NIOC deputy for engineering and development affairs, told reporters after signing the agreement with the PTTEP that several other international companies had also won agreements to study the three fields. (Press TV,  "Thailand's PTTEP to study Iran's Changuleh" 12/6/2016).

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PTT Exploration and Production engaged in exploration and development of Iran's Saveh block natural gas field, signing a 25-year contract in 2005 for a 100% stake in the Saveh block (GAO Report 2010, "Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors").