MOU Monitor

During the three years of U.S. participation in the JCPOA (July 2015 to May 2018), Western and Iranian companies inked a new business agreement on average once a week. The vast majority of these deals were Memorandums of Understanding (MOUs) - the “handshake on paper.” Usually, an MOU leads to full contracts and real business. However, UANI research shows that the vast majority of these Iran MOUs have not led to subsequent formal business arrangements and some have been canceled altogether. As UANI’s MOU Monitor indicates, even during the most optimistic period of JCPOA i.e. before the U.S. pull-out, “the floodgates to Iran business never opened for many sensible businesslike reasons.” Click on each company below for articles linking to the original MOU signing, and any further developments noted in the Iran Business Registry.

151 MOUs Signed
18 MOUs Suspended/Terminated
24 MOUs Developed

Memorandum of Understanding Tracker

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AccorHotels Group
ADIF
ADKL (Abels Decker Kuhfuss Lenzen)
Aeroports de Paris
Air Liquide
Airbus
Aker Solutions
Alstom
Antwerp Port Authority
Arkas Holding
ATR
Azerbaijan Railways CJSC
Barrikady
BASF
Berlanga Group
Boeing
Bosch
Bouygues
Carlo Maresca
China Development Bank
China EXIM
China Export & Credit Insurance Company (Sinosure)
China Petroleum and Chemical Industry Federation (CPCIF)
Chutash
CNPC
Confindustria Marmomacchine
Contship Italia
Daelim
Daewoo Engineering & Construction
Daewoo Shipbuilding & Marine
Damen Shipyards
Danieli
Danske Bank
Denikon
Denmark ExIm Bank
Deutsche Bahn
Deutsche Forfair Group
DNO ASA
DNV GL
Doosan Heavy Industries & Construction
Dornier Consulting
Eab New Energy GmbH
EKF Bank
EKN
Elin Motoren
Emart
Enel
Eni
Entrepose Group
Export Insurance Agency of Russia
Ferrovie dello Stato Italiane (FS Italiane)
Fincantieri
Finnvera
Fives Group
FL Smidth
Frankfurt Airports
Fraport AG
Fratelli Cosulich
Gamma Group
Gaz Group
Gazprom
Gazprom Neft
Genesis
George Moundreas & Co
Green Coast Solution
GRS
Guangzhou daily Group
Hellenic Petroleum
Hemla
Hermes
Hitachi
HOT Engineering GmbH
Hungary EXIM Bank
Hyosung
Hyundai Engineering Co.
Hyundai Mipo Dockyard
Ikarus
Inpex
Inter Rao Ues JSC
InterOil Corp
Irish Aviation Authority
Italian Patent and Trademark Office
Italtel
IVECO
JGC Corporation
Kamigumi Co.
Kamstrup
KBR
Kim Heng Offshore & Marine Holdings Limited
Korea Development Corporation
Korean Gas Corp
Leather Union
Liaoning Wellhope
Lloyds Register
Lufthansa
Lukoil
Lurgi
Maire Tecnimont
Marubeni Corporation
Medio Energy
Mediobanca
Munich Airports
NALCO
Nordic Yards Wismar
Novartis AG
Novo Nordisk
Oberbank AG
Offshore Resource Group
Oman Investment Fund
OMV
ONGC Videsh
Pacific International Lines
Pessina Construzioni
Peter W. Lampke
Petronas
PGNiG
Philippine National Oil Company
POSCO
PTTEP
Raschig GmbH
Rete Ferroviaria Italiana
Rites
Royal Dutch Shell
Royal IHC
SACE
Saipem
Sanofi
Schlumberger
SEA Milan Airports
Siemens
Skuld P&I Company
SNCF
Sojitz
State Oil Company Azerbaijan (SOCAR)
Sunkar Air
Sunshine and Konda Energy
SUZUE
Swiss Export Risk Insurance (SERV)
Tatneft
Tatra Trucks
Technoporomexport
Telecom Italia
Texa Resource
Total SA
Toyo Engineering
Tru Marine
Turkish Airlines
Unit International
Vinci
Wartsila
Zarubezhneft