JGC Corporation

Energy, Engineering
TYO:1963
Japan
JGC Corporation

[email protected]

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

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"In January 2017, Iran finalized talks with Japanese and South Korean companies to optimize oil refining process in two old refineries in Tehran and Bandar Abbas.

Based on a plan, the JGC Corporation and JCCP (Japan Cooperation Center, Petroleum) was supposed to renovate Tehran’s refinery." (Tasmin News, "Iran Begins Bartering for Oil Projects," 7/12/2019). 

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In 2017, CalSTRS designated JGC Corporation as “Under Review” for reportedly providing engineering services for power plants and gas processing plants in Iran. CalSTRS maintained the “Under Review” designation in 2018.
 

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Tehran Oil Refinery has signed a memorandum of understanding with two Japanese companies, JGC Corporation and Marubeni Corporation, on enhancing gasoline quality and quantity as well as reducing mazut output, the refinery’s managing director said. (May 7, 2018)

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In 2017 the U.S. state of California listed JGC Corporation as a company under review for reportedly providing engineering services for power plants and gas processing plants in Iran. 

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Lists an office in Tehran Iran on its company website.

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JGC was hired as a contractor to design the expansion of the National Iranian Oil Refining and Distribution Company's Arak refinery.

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JGC maintains an overseas office in Tehran, Iran. (JGC website."Global network")

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In 2012, JGC was removed from the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because its was considered to have "past involvement."

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In 2011, JGC 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.
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According to correspondence with Minnesota's State Investment Board in 2011: "JGC CORPORATION (“JGC”) is not participating in any project in Iran, neither as engineer/constructor nor as investor. Moreover, JGC has no revenue, outstanding contracts and assets in Iran, nor conducts any activities in the mineral-extracting, nuclear, defense or other sectors in that country."
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"Japanese energy producer Inpex Corp. (1605.TO) and plant maker JGC Corp. (1963.TO) are included in a list of companies that have been confirmed by the U.S. Government Accountability Office to have either signed an agreement to conduct business, invested capital or received payment for providing goods or services in connection with a Iranian oil, gas, or petrochemical projects during the 2005-09 period.

Inpex has been engaged in the development of the Azadegan oil field in southwestern Iran, and JGC participated in expanding a refinery located in Arak, western Iran, according to the GOA report, which was released April 22.

Members of the U.S. Congress are debating legislation that would impose unilateral sanctions against Iran over its uranium processing activities." (Down Jones Newswires, "Japan Not Too Worried Inpex, JGC On US Sanctions List," 4/27/10)