Energy

"Reuters reported that Belarus's Bel Oil had purchased 80,000 tons - equal to 600,000 barrels - of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February. Bel Oil is expected to ship the Iranian crude oil to either the Black Sea port of Odessa or the Baltic port of Ventspils for rail transportation to Belarus, the report added. The logistics for this are yet to be agreed... Belarus' reported purchase of oil from Iran comes as the country is trying to look for alternative crude oil supplies after Russia cut exports to the country in 2016 over a gas price row between the two countries." (Reuters, "Belarus purchases first ever oil cargo from Iran," 2/17/2017).

"ExxonMobil did business with Iran, Syria and Sudan through a European subsidiary while President-elect Donald Trump’s nominee for secretary of State was a top executive of the oil giant and those countries were under U.S. sanctions as state sponsors of terrorism, Securities and Exchange Commission filings show. That business connection is likely to surface Wednesday at a confirmation hearing for ExxonMobil CEO Rex Tillerson before the Senate Foreign Relations Committee. The sales were conducted in 2003, 2004 and 2005 by Infineum, in which ExxonMobil owned a 50% share, according to SEC documents unearthed by American Bridge, a Democratic research group. ExxonMobil told USA TODAY the transactions were legal because Infineum, a joint venture with Shell Corporation, was based in Europe and the transactions did not involve any U.S. employees. The filings, from 2006, show that the company had $53.2 million in sales to Iran, $600,000 in sales to Sudan and $1.1 million in sales to Syria during those three years." ( USA Today,  "ExxonMobil and Iran did business under secretary of State nominee Tillerson," 1/9/2017).

"The new agreement is the first between Iran and a company from a key Western ally of the United States since Washington last week announced it will pull out of the landmark 2015 nuclear deal between Iran and Western powers. The U.S. said it was reinstalling sanctions against Iran. Managing Director of Pergas International Consortium Colin Rowley, and Bijan Alipour, managing director of National Iranian South Oil Co., signed a preliminary deed on the partnership in the presence of British Ambassador Rob Macaire in Tehran on Wednesday night. The project, if the agreement turns into a contract, will require more than $1 billion to produce 200,000 barrels of crude oil per day during the next decade in the 55-year old Karanj oil filed. The oil field is located in the country’s oil-rich province and currently produces 120,000 barrels of crude per day." (5/16/2018).

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"Pergas Consortium, a group of international oil and gas companies, submitted its development proposals for Karanj Oilfield, a reservoir in Khuzestan Province. Bijan Alipour, managing director of the National Iranian South Oil Company, made the statement on the sidelines of a meeting with Pergas officials, including Colin Rowley, in Tehran on Tuesday, the National Iranian Oil Company news portal reported. According to Alipour, the master plan is centered on strategies to boost output, finance plans and rehabilitate ramshackle installations, which will be securitized in NISOC's technical committees. NISOC signed a non-disclosure agreement with Pergas in 2016, based on which the latter was tasked with conducting studies on the field located 40 kilometers southeast of the namesake city." (October 18, 2017).

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"Managing Director of Pergas Consortium Colin Rowley says his consortium is ready to invest in Iranian petroleum industry, train workforce and transfer technology. Rowley made the remarks in an interview with Shana on the sidelines of ceremony of inking of a Non-Disclosure Agreement (NDA) by National South Oil Company (NISOC) and Pergas Consortium." (Shana, "Pergas Ready to Invest in Iranian Petroleum Industry," 11/23/2016).

"National Iranian South Oil Company (NISOC) is in talks with Argentinean company Pluspetrol, a leading private exploration and production enterprise in Latin America, to develop and increase the recovery rate of oilfields in the southern province of Khuzestan, the NISOC managing director said. "As soon as negotiations come to fruition, a cooperation agreement based on the Iran Petroleum Contract, new framework for oil and gas contracts, will be signed," Bijan Alipour was quoted as saying by Mehr News Agency on Saturday. According to Alipour, this is the first time NISOC is in talks with an Argentinean firm to develop Iranian oilfields. Over the past decade, the most important joint project of NISOC and an oil firm from Latin America was the discovery of new hydrocarbon reserves like Taftan in oil blocks in the Persian Gulf with the help of Brazil's state oil company, Petrobras." (Financial Tribune, "Iran, Argentina's Pluspetrol in Talks Over Oilfield Development," 1/8/2017).

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Pluspetrol is one of the 29 international companies named by Iran as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract model. (NIOC, "List of Qualified Applicants," 1/2017). 

Perenco is one of the 29 international companies being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model. (NIOC, "List of Qualified Applicants," 1/2017).

On February 16, 2021, Iowa Public Employees' Retirement System removed Japan Petroleum from its Iran Prohibited Companies List. 

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As of December 2020, Rhode Island continues to list Japan Petroleum as an Iran scrutinized company for active involvement of at least $50 million in Iran's energy sector. A minority subsidiary of the company Japan Drilling Co. Ltd lists a subsidiary in Iran as Pars Drilling Kish Co., Ltd. (Company Website, 10/2018). The company's minority-owned subsidiary, Japan Drilling Co. Ltd., is an offshore drilling contractor which operated in several countries including Iran. The subsidiary lists several companies in Iran as its clients including Iranian government owned entities (Factiva - MarketLine, 07/24/2015; Japan Drilling Co. website, 10/02/2018).

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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.

The Iran Renewable Energy Commercial Conference (“IranRECC”) took place between December 5-8, 2016 in Tehran, FWT was a panel sponsor at the IranRECC (IranRECC Website, “Exhibitors”).

The Iran Renewable Energy Commercial Conference (“IranRECC”) took place between December 5-8, 2016 in Tehran, W2E was a panel sponsor at the IranRECC. (IranRECC Website, “Exhibitors”).

Iran and Germany’s Medio Energy company have inked an MoU worth about 104 million dollars over construction of two wind and solar power plants in the south of Iran. Khuzestan Regional Electricity Company of Iran and Germany’s Medio Energy Invest GmbH & Co. KG have sealed two Memoranda of Understanding (MoUs) with an aggregate total value of approximately 104 million dollars in order to build two solar and wind power stations in southern Iranian cities of Shushtar and Bandar-e Mahshahr. Mahmoud Dashtbozorg, Managing Director of Khuzestan Regional Electricity Company, expounded on details of the two agreements with Germans saying “the cooperation agreement with Medio Energy company has been signed in line with development of renewable energy technologies as well as investment attraction.” “The deal covers construction and implementation of a 20-megawwat solar power house in Shushtar through direct investment worth 24 million euros in addition to building and operation of a wind power plant in Bandar-e Mahshahr with a capacity of 50 megawatts and value of 80 million euros,” he added.(Mehr News Agency, "Germans sign power MoU with Iran," 12/18/2016)