Energy

 In 2017 the U.S. state of Michigan listed Tonengeneral as an Iran restricted company rendering Tonengeneral ineligible for investment and/or state contracting. 

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"Japanese oil refiner TonenGeneral Sekiyu has bought its first oil from Iran since becoming independent from U.S. oil major Exxon Mobil Corp, three industry sources familiar with the matter said.The company bought the Iranian spot cargo through a trading house due to attractive pricing and the shipment arrived Japan earlier this month, the sources said.TonenGeneral, formerly a unit of Exxon Mobil, previously could not buy Iranian oil due to its affiliation with the U.S. oil company.TonenGeneral Sekiyu, an aggressive buyer of cheaper crude grades, is known for having one of Japan's highest ratios of spot crude compared to term volumes, and will consider buying more Iranian oil depending on economics, the sources said." (Reuters, "Japan's TonenGeneral buys first oil from Iran - source," 7/28/2016)

"Hyosung Corporation reportedly has an agreement with Iran's state-run National Petrochemical Company to establish a polypropylene plant in Iran. In 2019, CalSTRS identified Hyosung Corporation as potentially having ties to Iran and began the review process. In 2020, CalSTRS removed Hyosung Corporation as it no longer held any of the company’s securities."

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In 2019, CalSTRS identified Hyosung Corporation as potentially having ties to Iran and began the review process. Hyosung Corporation reportedly has an agreement with
Iran's state-run National Petrochemical Company to establish a polypropylene plant in Iran. 

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"Earlier reports had suggested that access to RP801, a type of polypropylene used in production of prefillable three-part syringes, including insulin syringes, had become difficult for Iranian manufacturers after South Korea’s industrial conglomerate Hyosung stopped exporting the material to Iran under increasing pressure from the United States." (Fars News, 12/30/2019).

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"Hyosung Corp., South Korea's leading chemical and textile company, is accelerating its foray into Iran, a country rich in natural gas and oil reserves and dubbed as the gateway to other markets in the Middle East, Europe and Africa. According to chemical industry sources on Sunday, Hyosung recently signed a memorandum of understanding (MoU) with Iran's state-run National Petrochemical Company in the business of polypropylene (PP), thermoplastic polymer used in making plastic products and home appliance, products. The Korean company said it has been in talks with its Iranian counterpart to determine the feasibility of its PP business in the country, but has not made any conclusion yet. Industry experts expect Hyosung looking to expand its offshore manufacturing network would set up a PP production base in Iran. The company has inked an agreement with Vietnamese government to build a PP plant at a cost of $336 million in February last year." (Pulse, "Korea's Hyosung Eyes Polypropylene Base In Iran," 4/10/17).

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"Representatives of Hyosung Corporation, a South Korean industrial conglomerate, visited Iran’s southern Mahshahr Special Petrochemical Economic Zone in Khuzestan province. A delegation from Hyosung Corporation toured Fajr Petrochemical Company (FPC) on Saturday in a bid to explore business and investment opportunities in the economic zone, Shana news agency reported." (Tasnim, "S Korean Delegation Visits Iran’s Southern Petchem Economic Zone," 07/24/2016).

Vallourec, Mallourec Middle East and Vallourec Tubes France attended the Iranian Steel Pipe & Tube Conference held in Tehran on May 24-26, 2016. (MetalBullitan Events, "Iranian Steel Pipe & Tube Conference," 2016).

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"In October 2015, CEO Crouzet said, We used to supply Iran before the sanctions period, we are well known there, the VAM connections – our top brand – is extremely well known, in fact it’s used everywhere on all the fields there. Crouzet confirms that if sanctions are lifted then, Iran clearly becomes an opportunity for us.” (Pipeline Magazine, "Middle East has the magic says Vallourec boss," 10/18/2015).

APS participated in the 21st Iran Oil Show which took place in Tehran (Iran) from May 5th to 8th, 2016. APS describes the show as “the most important Oil and Gas Exhibition in Middle East, organized by National Iranian Oil Company (NIOC), the country’s market leader in Oil & Gas Industry.” (APS Website, “Homepage”)

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APS confirmed in 2007 that it would play a role in helping Iran develop its third liquefied natural gas project. (Financial Times, "European companies eye Iranian LNG project," 11/16/2007)

DVG maintains a presence in Iran through its “Iran/North Africa” sales office. (DVG Website, “Sales office”).

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The Iranian Gas Engineering and Development Co. (“IGED”), a subsidiary of the National Iranian Gas Company (“NIGC”), lists DVG as an approved vendor. (IGED Website, “List of Vendors”). -- DVG is listed as a member of the Italy-Iran Chamber of Commerce and Industry. (Italy-Iran Chamber of Commerce and Industry Website, “Members”).

"France’s energy company Entrepose Group signed a trilateral memorandum of understanding (MOU) with two Iranian parties for cooperation on recovery and utilization of flare gas from Iran’s South Pars gas field phases 14, 17 and 18 of development. According to a report by IDRO, the MOU was signed between Entrepose Group, Industrial Projects Management Company of Iran (IPMI) and Industrial Development and Renovation Organization (IDRO) in Tehran." (January 4, 2018).

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Entrepose Group lists its participation in the Iran Oil Show 2017 that took place from May 6-9, 2017, in Tehran, Iran on its company website. (Entrepose Group, “Iran Oil Show 2017”).

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Listed as an approved vendor in Iran by POGC and IOOC.

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Entrepose “would participate” in the second phase of Iran's South Azadegan oil field development. (Mehr News, “Iran, Total oil accord ‘confidential’,” 3/24/2016).

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“[i]n Iran, where Vinci was lined up last week to design, build and operate new terminals for two airports, the group was discussing opportunities in oil and gas and holding preliminary talks to build high-speed train stations in the country, Huillard said.” (Reuters, “Vinci eyes Latam motorways, Iran airports for expansion abroad,” 2/5/2016).

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Entrepose is “engaged in talks with the NIOC over South Azadegan [oil field]….” (AzerNews, “Iran discussing South Azadegan oil field with Total,” 1/31/2016).

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“Vinci SA will develop and operate airports in Mashhad and another Iranian city…. ” (Wall Street Journal, “Iran President Visits Europe to Seal Post-Sanctions Deals Worth Billions,” 1/25/2016).

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Entrepose Group is a subsidiary of VINCI Group (Company Website). -- Entrepose has “past and ongoing projects” in Iran. (Entrepose Website, “Locations“).