"The company was reported as potentially having entered into an agreement to purchase natural gas from Iran. 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."
Enel SpA reportedly has an agreement to purchase liquefied natural gas from Iran. In 2017, CalSTRS identified Enel SpA as potentially having ties to Iran and began the review process. In 2018, CalSTRS removed Enel SpA after reviewing the company ties to Iran and internal controls to prevent sanction violations
In 2017 the U.S. state of California listed Enel as a company under review for reportedly agreeing to purchase liquefied natural gas from Iran.
In 2017 the U.S. States of South Carolina, Tennessee and Michigan listed Enel on its state list of companies doing business with Iran, rendering Enel ineligible for investment and/or state contracting.
"Iran’s energy minister announced that Italy has opened a Line of Credit (LOC) for its firms to make investment in Iran’s water and electricity industries. Speaking at a joint session with the Italian Minister of the Environment Gian Luca Galletti, Iran’s Energy Minister Hamid Chitchian said that Enel has built the equipment for Iran’s first geothermal power house which will be installed soon." (February 27, 2017)
"Eni Chief Executive Claudio Descalzi was meeting Minister of Petroleum Bijan Zangeneh in Tehran Wednesday to discuss new opportunities for the Italian energy company in Iran... Descalzi is visiting Tehran along with Italian Foreign Minister Paolo Gentiloni and Economic Development Minister Federica Guidi as part of a delegation to discuss trade and political cooperation following the successful conclusion of nuclear talks... Italy’s Enel had also held negotiations with Iran to carry out LNG projects before leaving them under sanctions." (Press TV, "Eni CEO in Tehran for major project," 8/5/15)
Response: "signed a non-binding MOU...no specific investments in Iran on the 2016-2019 strategic plan.” (2016)
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