Japan Petroleum Exploration CO., Ltd. (JAPEX)

Energy
TYO: 1662
Japan

As of August 15, 2019, the state of Iowa listed Japan Petroleum on its Iran scrutinized companies list.

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In 2018 the U.S. state of Iowa listed Japan Petroleum Exploration Co., on its Iran prohibited companies list rendering Japan Petroleum Exploration Co. ineligible for investment and/or state contracting.

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In 2017 the U.S. state of Rhode Island, South Carolina and Tennessee listed Japan Petroleum Exploration Co. on its Iran prohibited companies list rendering Japan Petroleum Exploration Co.ineligible for investment and/or state contracting.

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"Iran has named 29 international companies as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, including five Japanese firms, Inpex, Itochu Corp, Japan Petroleum Exploration (Japex), Mitsubishi Corp and Mitsui." (Reuters, "Japan's Inpex in running to develop major Iran oilfield: media," 1/4/2017).

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In 2014 JAPEX was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran as its business was considered to be "now past involvement." 

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In 2011, JAPEX 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.