Maire Tecnimont

Energy
BIT:MT
Italy
Maire Tecnimont

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

--

Maire Tecnimont is listed on the June 2019 Mississippi Department of Finance and Administration's list of companies doing business with Iran. 

--

Maire Tecnimont is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

--

Maire Tecnimont is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

--

Marie Tecnimont SpA was previously removed from the Iran related securities list. In 2017, CalSTRS designated Marie Tecnimont SpA as “Under Review” for potentially having new ties to Iran. In 2018, CalSTRS removed Maire Tecnimont SpA after
reviewing the company’s business with Iran and internal controls to prevent sanction violations.

--

"MAIRE TECNIMONT CEO SAYS BUSINESS IN IRAN ON HOLD, EXPECTS NO NEWS IN NEAR TERM" (March 2018

--

 In 2017 the U.S. states of Alaska, Minnesota, Mississippi, Rhode Island, South Carolina, Tennessee listed Maire Tecnimont on its list of companies doing material business with Iran rendering Maire Tecnimont ineligible for investment and/or state contracting.

--

In 2017 the U.S. state of California listed Maire Tecnimont SpA as a company under review for reportedly having an agreement to build refineries in Iran. -- In 2017 the U.S. state of Florida listed Maire Tecnimont on its continued examination list of companies with petroleum energy activities in Iran.

--

In 2018 the U.S. states of Iowa, New Jersey listed Maire Tecnimont as an Iran restricted company rendering Maire Tecnimont ineligible for investment and/or state contracting. 

--

 "Iranian and Italian firms signed a contract to develop petrochemical projects in Iran. The deal was endorsed between Iran's Hamedan Ibn Sina Petrochemical Company and Italian engineering firm Maire Tecnimont." (October 2017).

--

In 2016 Tennessee used the South Carolina list of "Entities Ineligible to Contract with the State of South Carolina or any Political Subdivision of the State per the Iran Divestment Act of 2014, S.C. Code Ann." as its list of persons it determines engage in investment activities in Iran.Maire Tecnimont was included on this list in 2016. "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

--

February 2016, Maire “signed an agreement worth €1 billion ($1.11 billion) with the Persian Gulf Petrochemical Industries Co (PGPIC) to construct refineries and petrochemical plants in Iran.” (Trade Arabia, “Italy’s Maire Tecnimont to invest $1.1bn in Iran projects,” 2/16/2016).

--

June 2016, Maire agreed to help “build a plant for production of the synthetic polymer ESBR, a strategic product used in the petrochemical industry and rubber manufacturing.” (SHAM, “Iran Inks 1st Post-Sanctions Petchem Contract with Switzerland,” 6/12/2016).

--

On March 24, 2015, the Florida State Board of Investments removed Maire Tecnimont SpA from the Iran Scrutinized List because "research providers report less company investment than the PFIA definition of scrutinized activity" and added to the Iran Continued Examination list. (Florida State Board of Investments, "March 24, 2015"). 

--

In 2015 Maire Tecnimont was removed from Pennsylvania Treasury's List of Scrutinized Companies list after the company confirmed it has not invested at least $20,000,000 in oil-related activities in Iran in any 12- month period since August 5, 1996. 

--

In 2014, Maire Tecnimont was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran after new involvement in Iran was identified. 

--

In 2013 Maire Tecnimont was removed from Pennsylvania Treasury's List of Scrutinized Companies list. "In correspondence with IW Financial, the company states that it is closing down all operations in Iran by June 2013. 

--

In 2013 and 2014 Maire Tecnimont was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.  
 

--

In 2011, Maire Tecnimont 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.
 

--

Kinetics Technology, a Maire Tecnimont subsidiary, lists an ongoing contract for the installation of a regeneration inline heater at the Tombak refinery in Tombak, Iran. (Kinetics Technology Website)

--

CEMP lists Tecnimont as the engineering firm associated with their participation in the 2012 Kopc Ldpe Project in Sanandaj. (CEMP Website)

--

Tecnimont KT, a direct subsidiary of Maire Tecnimont, awarded C. Engineering a contract for the development of the Operating Manuals for South Pars gas Field Development phase 19. (C. Engineering Website)

--

Subsidiary company Tecnimont KT was hired as a contractor by the National Iranian Oil Refining and Distribution Company to expand their Arak refinery, the largest in the Middle East. The expansion allowed the refinery's capacity to increase to 100,000 barrels per day. Iran Branch Office (Company Website)

--

 

Firm/country: Tecnimont/Italy;

Firm activity: Engineering, procurement, and construction contractor

for a LDPE plant in Sanandaj that will produce 300,000 metric tons per year;

Status: Startup was scheduled for 2008;

Commercial activity: Not reported;

Firm comment: Contacted on February 18, 2010; no response as of March 22, 2010.

 
--
 

"Maire Tecnimont S.p.A. has received a Letter of Intent from Petropars Ltd. (“PPL”), a company owned by Naftiran Intertrade Company (“NICO”) which is a subsidiary of National Iranian Oil Company (“NIOC”), for the realization of Onshore EPC Package No.3 (“EPC3”), part of an integrated Gas Treatment Plant in Tombak (Iran).

The project “South Pars Gas Field Development Phase 12” of the South Pars Gas Field, which is on the border with Qatar and considered the largest gas deposit in the world, foresees the realization of a Gas Treatment Plant of 3 billion standard cubic feet per day (SCFD) capacity and includes Liquid Processing (EPC2), Gas Processing (EPC3) and Off- Site Facilities.

The Onshore EPC3 package will be executed by a Consortium formed by Tecnimont S.p.A. and the Iranian companies Nargan, Dorriz and Gamma. The EPC3 cost is estimated to be approximately €1.3 billion, while Tecnimont’s scope of work will include overall project management, engineering, procurement services and construction assistance for a total amount exceeding €200 million.  The Contract is expected to be signed in July 2009 and its completion is expected end of 2012." (Company Press Release, 6/9/2009)