Energy

"Deputy Iranian oil minister said Russneft was eager to launch cooperation with Iran on swap of crude oil as well as on expansion of Iranian oilfields. Deputy Petroleum Minister of Iran for International Affairs Amirhossein Zamaninia made the remarks following a meeting in Tehran office on Monday with Otabek Karimov, Russneft Vice President (VP) in Commerce and Logistic, Andrey Laveez, the company's VP Chief Geologist and Vlada Rusakova, VP in gas business. The Iranian side stressed that the Russian oil giant has also indicated willingness to join development projects in Iran's oil fields including Azadegan, Maroun, Koupal and Yaran projects." (August 30, 2017).

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"RussNeft has no plans to take part in Iran’s oil and gas projects" (June 6, 2017).

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"A delegation from the major Russian oil company Russneft met officials from Iranian Ministry of Petroleum here on Wednesday with swap of oil and gas on agenda of negotiations. A joint committee was set up to continue the talks between the two sides, ministry sources told Shana." (Shana, "Russneft Officials in Tehran for Oil, Gas Swap Talks," 11/11/15)

"MOSCOW. March 7 (Interfax) - Russian state company Rosgeo and the Geological Survey of Iran (GSI) signed a memorandum of understanding on cooperation in geological exploration during a meeting of the Russia-Iran intergovernmental commission in Moscow on Tuesday, the company said. Rosgeo and GSI plan to cooperate in geological exploration for hydrocarbons, solid mineral resources and underground water, including offshore seismic surveys in the Iranian part of the Caspian Sea. Rosgeo has also reached an agreement with the Iranian Mines and Industries Development and Renovation Organization (IMIDRO) on cooperation in geological exploration of solid mineral resources." (March 7, 2018)

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"The president of the Russian Geological Society (RosGeo) said on Tuesday that the company is considering a plan to fund major oil, gas and ore projects in Iran. Russia's Rosgeo plans to work in different areas in Iran and is considering gas, oil, gold and ore projects, Chief Executive Officer Roman Panov told TASS in an interview on Tuesday. 'Geophysical exploration of gas fields in the South Caspian region and services of drilling technologies and enhanced oil recovery are considered in respect of hydrocarbons. We are viewing proposals on aerial geophysical studies of promising areas and prospecting of hardrock gold and lead and zinc ore in terms of solid mineral resources. We will also probably deal with research related to enhance gold recovery from refractory ore and assessment of salt deposits' reserves,' he said." (Tasnim, "Russia’s RosGeo Mulls Funding Major Projects in Iran," 11/10/15)

"Oil services company Petrofac (PFC.L) will reopen its office in Iran, its chief executive said on Wednesday, as the lifting of Western sanctions allows foreign companies to rekindle business ties with Tehran." (February 24, 2016).

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"A high-profile business delegation from the UK met with Iranian petroleum officials to discuss future cooperation in oil and gas projects in Iran in the post-sanction setting. Executives and representatives from British oil and gas heavyweights including British Petroleum (BP), KCA Deutag and Petrofac, headed by Francis Maude, the UK trade and investment minister, met with Amir-Hossein Zamani-Nia, Iran's deputy minister for international affairs and trading, on Sunday to discuss oil and gas cooperation after the sanctions removals as per Iran's nuclear deal with the P5+1 group of countries which was struck on July 14 in Austria's Vienna." (Shana, "British Business Delegation in Tehran," 11/1/15)

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In 2014 Petrofac was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran after it was determined to have past involvement. 

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In 2011, Petrofac 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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"Intended recipient of safety bellow valves made of inconel alloy, the procurement of which was denied in 2006 by a member state of the Nuclear Suppliers Group (NSG); part of the multinational Petrofac Group; as of December 2004, secured a $30 million maintenance, modification and operations contract with South Pars Gas Complex (SPGC) to support production from phases 2 and 3 of Iran's South Pars gas field." (Iran Watch, "Petrofac Pars PJS," 8/28/08)

"A high-profile business delegation from the UK met with Iranian petroleum officials to discuss future cooperation in oil and gas projects in Iran in the post-sanction setting. Executives and representatives from British oil and gas heavyweights including British Petroleum (BP), KCA Deutag and Petrofac, headed by Francis Maude, the UK trade and investment minister, met with Amir-Hossein Zamani-Nia, Iran's deputy minister for international affairs and trading, on Sunday to discuss oil and gas cooperation after the sanctions removals as per Iran's nuclear deal with the P5+1 group of countries which was struck on July 14 in Austria's Vienna." (Shana, "British Business Delegation in Tehran," 11/1/15)

"Iran has huge oil and gas reserves, is a very safe country and enjoys a very favorable geographical location which makes it a suitable trade partner for Hungary. Speaking to Tehran-based English newspaper, Iran Daily, on the sidelines of the 20th International Oil, Gas, Refining and Petrochemical Exhibition of Iran, Oliver Gidai, the commercial director of Hungary's Ganzair Compressortechnics Company, added his visit to Tehran expo was aimed at expanding cooperation with Iranian oil and gas companies... Gidai said he held talks with a number of Iranian companies, including the National Iranian Gas Company, on the sidelines of the event, on exporting gas compressors, evacuators and pressure boosters to Iran... Commenting on his company, Gidai said Ganzair was established over 50 years ago and is one of Hungary's oldest oil and gas firms." (IRNA, "Hungarian firm keen on expanding oil, gas cooperation with Iran," 5/11/2015)

"The international oil and gas company Synergy is in negotiations with Iran to enter into new oil contracts in the post-sanction era, an executive in the Dubai-based firm said. 'We will do our best to regain our pre-sanction position in Iran,' Ian Morrison told Shana on the sidelines of the Second International Conference on Technological Opportunities (ICTO) in Oil and Gas Industry held in Tehran on Wednesday. 'There are abundant opportunities in Iran's oil industry,' the company's technical vice-president added, 'Synergy is after making its presence in Iran stronger and transferring the technologies required in the industry.'" (Fars News, "[Senergy] Eyes New Oil Contracts with Iran," 10/8/2015)

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"A representative of the UK’s Senergy says the company has been active in Iran despite the western sanctions and is in the process of signing new contracts. 'We are in the process of signing agreements. The current sanctions regime does not stop us from signing agreements and does not stop us from signing contracts,' said Dr. Iain Morrison, VP Technical of Senergy, on the sidelines of the 2nd International Conference on Technological Opportunities (ICTO) here in Tehran on Wednesday. He expressed much satisfaction for the bright prospects in Iran after removal of sanctions, saying, 'We have been in Iran for many years; we have many friends in Iran and many projects. We have carried out in Iran. I am in the country for Iranian Oil Company overseas. So we are delighted to be here.' Morrison said he is a regular visitor of Iran and had a recent meeting with the vice president of the Research Institute of Petroleum Industry (RIPI). The meeting was focused, he said, on the main topics to be discussed at the ICTO. He said the company participated in the ICTO to present the lectures and the company’s latest achievements in development and application of technologies for enhanced oil recovery (EOR)... 'In Iran we are trying to do everything we can to position ourselves for the post-sanctions environment. It is a matter of time scale. We would very much like some certainty from our political leaders. Clearly there is progress and there is a real sense of optimism here which is fantastic. And this is what I would like to see. I really look forward to it,' he added." (Research Institute of Petroleum Industry, "Senergy Oil Deals on the Go despite Sanctions," 9/30/2015)

"Abbas Beyad, international business development executive at the drilling support company, Britannia Petroleum, said his firm had visited Iran several times this year and was hoping to be part of another trade mission expected to be led by the chancellor George Osborne early next year." (The Guardian, "Shell and BP make new inroads in Iran," 10/2/15) 

Bertsch is listed as an exhibitor at the 2017 Iran Oil Show. 

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"Owner and manager of the Austrian Bertsch Group said family-owned Austrian companies have always received warm welcome from their Iranian counterparts because they have never betrayed each other's trust. 'Austrians are very welcome in Iran and they will be very welcome in Austria, because they trust each other,' said Hubert Bertsch in an interview with Shana during a Tehran visit. The Bertsch Group is active in the business of power plants and waste-heat recovery systems and it is very much in the oil, gas and in the general industry, said Mr. Bertsch. The company has a long history of presence in Iran because the mentality of Iranian and Austrian people is very much aligned... The Austrian industrialist added, 'We have partners here in Iran. I personally have been here 20 years ago and it's a good country and we will have a good future together.'" (IRNA, "Austrian, Iranian firms in best terms: Bertsch CEO," 9/24/15)

"A major Austrian oil company has indicated its readiness to purchase crude oil from Iran, following suit with other European companies that have already taken a similar step. In an interview with the Iranian Oil Ministry's official SHANA news agency on Sunday, managing director of ROTH oil group, noted that the group is mulling plans to start purchasing crude oil from Iran. Rudi Roth noted that his company cooperated with Iran in the field of crude trade during past years, expressing hope that following removal of sanctions against Iran, it would once again start purchasing Iran's oil." (Press TV, "Austrian company says ready to buy Iran's crude oil," 9/13/2015)

"On Thursday, the Mehr news agency quoted a Suzlon Energy executive as saying that the Indian company, one of the world’s leading wind turbine suppliers, was competing with Germany’s Siemens for renewable energy projects in Iran. 'Iran has a very large capacity to generate electricity from wind energy. Suzlon is willing to cooperate with the Iranian energy industry in a joint investment framework or on supply of know-how, technology, turbines and equipment when sanctions are lifted,' it quoted Himan Shukari as saying." (PressTV, "Iran joins water turbine manufacturers club," 7/23/15)