Energy

"While Khazar does not use Chinese-made drilling equipment, it cooperates with the China National Logging Corporation (CNLC), which provides well-bore services for petroleum extraction projects, Gity said." (Financial Times, "Iran seeks Chinese proxies to further offshore drilling ambitions," 5/31/2013) 

"Ferland Company Limited was designated today pursuant to E.O. 13645 for providing material support to NITC.  Representatives from Ferland Company Limited and NITC were involved in the ship-to-ship transfer of Iranian crude oil in March 2013.  Ferland Company Limited facilitated deceptive transactions for or on behalf of NITC.  Treasury previously imposed sanctions on Ferland Company Limited pursuant to E.O. 13608, which targets foreign sanctions evaders, for facilitating deceptive transactions for or on behalf of NITC.  The Department of State also imposed sanctions on Ferland Company Limited pursuant to the Iran Sanctions Act, as amended." (U.S. Department of Treasury, "Additional Treasury and State Designations Targeting Networks Linked to Iranian WMD Proliferation and Sanctions Evasion," 12/12/13)

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"The Treasury Department also on Friday imposed sanctions on Ferland Company Limited, which is based in Cyprus and Ukraine. The U.S. administration believes Ferland helped the National Iranian Tanker Company (NITC) evade oil sanctions. Ferland did not have an immediate comment. The Treasury Department said that on March 13 Ferland and the NITC cooperated in a scheme involving a vessel controlled by Dimitris Cambis to sell Iranian crude oil and evade Western sanctions. In March, Washington sanctioned Cambis, a Greek businessman, and said he had secretly operated a shipping network on behalf of Iran to circumvent sanctions." (Reuters, "U.S. imposes sanctions on Iran's petrochemical industry," 5/31/2013) 

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"The U.S. Treasury Department said that it and the State Department placed sanctions on Cyprus and Ukraine-based Ferland Company Ltd. for facilitating deceptive transactions on behalf of the National Iranian Tanker Co., which was named in July 2012 as an entity of Iran’s government. In March 2013, Ferland and the NITC schemed to help Tehran evade sanctions by helping sell Iranian crude in a plan that also involved a vessel owned by Dimitris Cambis, Treasury said. Cambis, a Greek businessman, was placed under sanctions in March, but he denies the allegations. The scheme involved ship-to-ship transfers between three oil tankers, the details of which were arranged by a manager at NITC and a Ferland representative, Treasury said. Ferland later furnished a false certificate of origin, saying the crude was from Iraq, Treasury said. When sanctioning Ferland, Treasury said it used, for the first time, an authority for targeting those that help Iran or Syria evade sanctions. The State Department sanctions prohibit visas for Ferland corporate officers, loans from U.S. financial institutions, and financial and foreign exchange transactions under U.S. jurisdiction." (The Wall Street Journal, "US Uses Iran Sanctions Evader Authority for First Time," 5/31/2013) 

"South Korean trader E1 Corp has bought 44,000 mt of LPG from Iran's Petrochemical Commercial Co., possibly the first spot cargo from the Middle Eastern producer to come to Asia this year, after an EU ban on propane and butane trade from Iran brought its exports to a near halt since late last year, market sources said last Friday. The cargo comprising 33,000 mt of refrigerated propane and 11,000 mt butane was purchased via a spot tender by E1 for loading over May 15-25, and will be shipped by PCC on a CFR basis, a source familiar with the matter told Platts... Traders said that this is the first tender issued and awarded by PCC since September last year, which was heard to have also been won by E1... 'I gather Iranian tons reappearing on the market seems to have been the catalyst to Eastern selling,' one market source said, adding that E1 featured as sellers of Contract Price swaps over the last last few days." (Platts, "Iran LPG cargo may be first to come to Asia this year after EU ban - sources," 3/12/13) 

"In addition, the Treasury identified four entities - Petro Suisse Intertrade, Hong Kong Intertrade, Noor Energy and Petro Energy Intertrade - as front companies used to enable evade sanctions on its oil exports." (BBC, "US tightens sanctions over Iran nuclear programme," 7/12/2013)

"Pakistan’s state-owned Inter-State Gas Systems and Tadbir Energy Costar Iranian Co. on Friday signed a contract to lay the gas pipeline in Pakistan. They announced work would start immediately and that the Pakistan portion of the pipeline would be completed in 15 months, though analysts believe that’s optimistic." (The Wall Street Journal, "Iran-Pakistan Pipeline Deal Irks U.S.," 2/20/2013)

Samsung Total is a joint-venture between Samsung Group and Total SA.

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"Refiners in South Korea, the fourth biggest buyer of Iranian crude, need to make further cuts to offset new purchases of Iranian oil from Samsung Total Petrochemicals, the official said. The South Korean joint venture revived the contract with Iran after a year's hiatus, as thin margins in plastics make the cheap crude from Iran hard to resist." (Reuters, "US seeks to sanction firms disguising Iranian oil shipments," 1/31/2013)

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"Samsung Total Petrochemicals, a joint venture between South Korea's Samsung Group and French energy giant Total, bought Iranian condensate because thin profit margins in plastics production make inexpensive fuel from the Islamic Republic hard to resist, people familiar with the deal said last week... Samsung Total has declined to comment on the deal. But a spokesman for Total in Paris said the group has complied with all measures applicable to the group." (Reuters, "U.S. plays down purchase of Iran oil by company in South Korea," 1/28/2013)

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"South Korea would look for alternative supplies from Saudi Arabia, Qatar and the UAE if it could no longer import from Iran, a source at a buyer of Iranian LPG said. The same suppliers have helped to fill the gap on international markets left by the reduction in Iran's crude oil exports this year. Three South Korean firms - E1, SK Gas and Samsung Total - import propane and butane, sources said." (Reuters, "EU sanctions strangle Iranian LPG exports to Asia," 10/31/2012)

"A Kuwait-based customer, Arab Maritime Petroleum Transport Company has also been lifting about one cargo a month from Iran, the Korean source said. AMPTC has been supplying LPG to Syria, according to documents reviewed by Reuters. Tehran has backed Syrian President Bashar al-Assad as his government fights rebels trying to overthrow him." (Reuters, "EU sanctions strangle Iranian LPG exports to Asia," 10/30/2012)

"For the year, the world's third biggest oil consumer bought about 473,000 barrels per day (bpd) of oil from Iran to feed expanding refining capacity, up from 208,300 bpd in 2015, the data showed... Indian refiners Reliance Industries, Hindustan Petroleum, Bharat Petroleum and HPCL-Mittal Energy Ltd (HMEL) last year resumed imports from Tehran, attracted by the discount offered by Iran." (Reuters, "India's 2016 Iran Oil Imports Hit Record High - Trade," 1/13/2017). 

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"HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon Lakshmi Mittal, plans to stop importing oil from Iran, a company spokesman said, in a move that could hurt Iran and help New Delhi secure a waiver renewal from U.S. sanctions. euters earlier reported that HMEL had emerged as a new client for Tehran and had bought 2 million barrels oil between the start of September and mid-October. HMEL has since bought another 2 million barrels of oil, for its 180,000 barrels per day (bpd) Bathinda refinery in northern Punjab state, which was delivered at end-October by Iranian very large crude carrier Majestic, formerly known as Glory, sources privy to the development said. 'While it is a stated policy of the company not to discuss its crude procurement plan, the recent crude purchased from Iran by HMEL was based on operational requirements during stabilisation of the refinery. HMEL does not plan to buy any more crude from Iran,' an HMEL spokesman said in an emailed response to questions from Reuters . . . HMEL's decision to discontinue buying Iranian oil will be a blow to Tehran, whose exports have already declined sharply under the pressure of sanctions. India is Tehran's second-biggest crude customer . . . HMEL began buying Iranian oil without having a banking mechanism in place to settle Iran payment. The company is now trying to open an account with Turkey's Halkbank (HALKB.IS) to pay for Iranian oil, two industry sources said . . . A second source said HMEL may resume imports in the January-March quarter after India gets its waiver renewed." (Reuters, "HMEL says to halt Iran oil purchases," 11/12/12)

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"HPCL-Mittal Energy Ltd (HMEL) has taken two shipments of Iranian oil since the start of September to maximize margins at its 180,000 barrels per day (bpd) Bathinda refinery in northern India, two sources with knowledge of the deals told Reuters. The purchases came to a total 2 million barrels... Mark Dubowitz, a U.S. lobbyist for tougher sanctions on Iran and head of the Foundation for Defence of Democracies, said HMEL was taking a significant risk in buying this oil... HMEL is part-owned by Indian tycoon Mittal, who heads ArcelorMittal, the world's largest steelmaker. ArcelorMittal produces 35 percent of its steel in the Americas and 47 percent in Europe, according to the company's website. State-run refiner Hindustan Petroleum Corp and Mittal own 49 percent each in the joint venture HMEL... While India's state-run refiners are adhering to the government's verbal order to cut imports from Iran by at least 15 percent, their efforts could be undermined by private refiner Essar and now HMEL... HMEL's oil purchases came on Iran's suezmax vessel Magnolia in September and Lantana in October, said the sources, who declined to be named due to the sensitivity of the issue. Suezmaxes can carry up to 1 million barrels of crude... An HMEL spokeswoman said that, as a policy, the company does not provide details of its crude oil sourcing... In September HMEL bought a million barrels each of Arab Medium and Khafji, while for October it is scheduled to lift 2 million barrels of Arab Medium from the kingdom... 'How HMEL will make its payment is yet to be seen,' said one of the sources." (Reuters, "Exclusive: India's HMEL bought 2 million barrels of Iranian oil: sources," 10/13/2012)

Manufactures products used for the treatment and repair of valves. Listed as a participant in the 2010 Iranian Gas & Oil Exhibition. (IValuta, "2010 List of Participants") 

Specializes in solar thermal systems. Worked on a special off-grid system in Tehran, Iran. (Sunset-Solar Website, "Solar Power From Sunset")