Energy

In 2017 the U.S. state of California restricted Kunlun Energy for exposure to Iran through its parent company Sinopec Corporation. -- As of October 4, 2008, CalSTRS' portfolio was free of Kunlun Energy (Formerly CNPC Hong Kong) who is subject to the most severe restrictions under the law due to its ties or possible ties to Iran. 

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In 2017 the U.S. state of Florida, Pennsylvania, Mississippi and Texas listed Kulun Energy on its list of companies with activities in the Iran petroleum energy sector rendering Kulun Energy ineligible for investment and or state contracting.-- In 2018 the U.S. state of Ohio listed Kunlun Energy on its list of companies engaging with Iran rendering Kunlun ineligible for investment and/or state contracting. / Subsidiary of China National Petroleum Corporation.

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" The official referred to Bank of Kunlun Co Ltd, a China National Petroleum Corp unit, as "one of the longstanding business partners of Iran" that continued to work with the country even under sanctions." (September 2017)

In 2019 JXTG was listed on the Texas Comptroller List of Companies Engaging in Scrutinized Business Operations in Iran.  

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In 2019, JXTG was listed as a divested security on the Michigan State Retirement System list for active business operations in Iran. 

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JXTG Holdings, Japan’s biggest oil refinery operator, has secured crude oil supplies from other countries such as Saudi Arabia to replace Iranian oil shipments that have been crimped by U.S. sanctions, its president said on Monday.

“We are not importing Iranian oil from May but there is no major impact,” JXTG Holdings President Tsutomu Sugimori, told an earnings news conference, when asked about the impact of tighter U.S. sanctions on Iranian oil.

“We have already secured supplies to replace Iranian oil from countries such as Saudi Arabia,” he said. (Reuters, "JXTG says gets supplies from Saudi, others to replace Iranian oil," 5/13/2019).

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JXTG Holdings Inc., a refiner, plans to follow government guidance, and if necessary will replace Iranian supplies with supplies from the Middle East, West Africa, and possibly the United States. (June 29, 2018)

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According to its 2017 Annual Report filed with the SEC: "During the fiscal year ended March 31, 2017, JXTG Nippon Oil & Energy, a wholly-owned subsidiary of JXTG Holdings, purchased 31 million barrels of crude oil from National Iranian Oil Company for a total purchase price of ¥144,046 million, out of a total of 415 million barrels of crude oil that it purchased during the same period, constituting approximately 7% of the total amount of crude oil that it purchased during the same period.

JXTG believes that the above transaction does not subject it or its affiliates to U.S. sanctions. JXTG Nippon Oil & Energy does not currently intend to cease purchasing crude oil from National Iranian Oil Company."

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In 2017 the U.S. state of Michigan, South Carolina and Tennessee listed JXTG as an Iran restricted company rendering JXTG ineligible for investment and/or state contracting.

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In 2015 JX Holdings was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because the company's "involvement in purchases of crude oil falls uner the waivers granted by the U.S. government that meet Section (a)(2) of Act 44's expiration clause."
 

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In 2013, JX Holdings was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of Government oil-related activity. 
 

As of August 15, 2019, the state of Iowa listed Inter Rao on its Iran scrutinized companies list.

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In 2018 the U.S. state of Iowa listed Inter Rao on its Iran prohibited companies list rendering Inter Rao ineligible for investment and/or state contracting.

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"Inter RAO – Export LLC and the Khuzestan Water & Power Authority of the Islamic Republic of Iran have signed a Memorandum of Understanding on a project to expand the Dez hydropower plant by 720 MW, which involves the construction of an additional turbine hall," the company said in a press release. Inter RAO — Export, which is a subsidiary of Inter RAO, a public joint-stock company, undertakes projects abroad as a contractor. Under the two memorandums, the company will be in charge of drawing up technical and commercial proposals for the projects, it was noted in the statement." (March 2016)

On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) identified Harbin Electric on its scrutinized companies Iran/Sudan list.  On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy.  

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In 2018, CalSTRS identified Harbin Electric as potentially having ties to Iran. CalSTRS subsequently removed Harbin Electric as it no longer holds securities of the company.

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In 2018 the U.S. state of Ohio listed Harbin Electric on its Iran prohibited companies list rendering Harbin Electric ineligible for investment and/or state contracting.

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"China's Harbin Electric International Company, which has power projects in Iran, Turkey and Indonesia among others, lost the bid on technical grounds, said a Bangladesh official, speaking on condition of anonymity." (February 2016)

Hansen Electric was listed as an exhibitor at the 13th International Exhibition of Metallurgy in Iran (“METAFO”), which took place at the Tehran International Permanent Fairground from November 24-27, 2016. (Iran METAFO, “List of Exhibitors”):

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"Hansen Electric, Ir. PJS Co. was founded as a 8th branch of Hansen Electric spol. s r.o. our main responsibility is supplying explosion-proof equipment for coal mine, chemical, metal, oil and gas industries. Iranian shareholders own 50% of proprietorship and the mother company owns the other 50% of proprietorship. Therefore, This Company is completely supported by the mother company technically and financially." (Company Website)

"Kherad Industry Technical & Engineering CO (KITEC), one of the most prestigious EPC companies in Iran has placed an order to HAMON for one water cooling system. The concrete cooling tower will be installed in the Abadan Refinery near the coast of the Persian Gulf.." (February 2018)

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"Zagros has awarded HAMON one FRP induced draft cooling tower for the Tabriz Refinery in Northwest Iran. Hamon will carry out the thermal, mechanical and structural design and also supply the material for this 4-cell FRP cooling tower, with in-line arrangement." (January 2018)

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Hamon Group (“Hamon”) reportedly agreed to exhibit at the 22nd International Oil, Gas, Refining, and Petrochemical Exhibition (the “Exhibition”) that took place in Tehran on May 6-9, 2017. (Iran Oil Show Website,
“Exhibition Information”).

On September 16, 2008, Gazprom Neft was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Gazprom Neft remains on the SBA list of prohibited investments. 

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Gazprom Neft is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.

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In 2020, the U.S. state of Mississippi listed Gazprom Neft on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed Gazprom Neft on its scrutinized companies Iran/Sudan list.On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy, which notes, “[t]he purpose of this Policy is to divest and restrict the purchase of stocks and bonds (“direct holdings”) issued by a publicly traded Company… with “scrutinized active business operations” in Iran and Sudan.”

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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Gazprom Neft on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector

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On January 20, 2020, Minnesota SBI listed Gazprom Neft as a scrutinized investment. The managers are explicitly instructed to refrain from purchasing securities on this list.

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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. Gazprom Neft is included on this list

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As of December 31, 2019, the Alaska Retirement Management Board lists Gazprom Neft as a company doing material business with Iran.

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Gazprom Neft is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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Gazprom Neft is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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On March 13, 2019, the Mississippi Department of Finance & Administration identified Gazprom Neft as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran."

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Gazprom Neft is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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In 2018 the U.S. state of  Ohio listed Gazprom Neft on its Iran prohibited companies list rendering Gazprom neft ineligible for investment and/or state contracting.

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Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday. The presentation took place in a meeting in Tehran between Gazprom Neft executives and National Iranian Oil Company officials led by deputy chief Gholamreza Manouchehri, the NIOC news portal reported. (December 20, 2017).

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In 2017 the U.S. states of Alaska, Florida, Mississippi lists Gazprom Neft on its list of companies doing material business with Iran rendering Gazprom Neft ineligible for investment and/or state contracting.

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"Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday....The two companies signed a memorandum of understanding in July in the Russian city of St. Petersburg to join forces for conducting the assessment of geological potentials of Changuleh and Azar in Ilam Province." (December 2017)

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"Gazprom Neft has signed a Memorandum of Understanding with Iran’s Oil Industries’ Engineering & Construction (OIEC) confirming both companies’ mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran. The document was signed by First Deputy CEO, Gazprom Neft, Vadim Yakovlev and OIEC CEO Behzad Mohammadi." (July 2017)

On April 14, 2009, Gas District was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Gas District remains on the SBA list of prohibited investments. 

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In 2020, the U.S. state of Mississippi listed Gas District on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.

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Gas District Cooling is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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Gas District Cooling is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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Gas District Cooling is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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In 2018 the U.S. state of Ohio listed Gas District Cooling on its Iran prohibited companies list rendering Gas District Cooling ineligible for investment and/or state contracting.

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In 2017 the U.S. states of Alaska, Florida, Mississippi, lists Gas District Cooling on its list of companies doing material business with Iran rendering Gas District Cooling ineligible for investment and/or state contracting.

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In 2013, 2014, 2015, 2016 and 2017 Gas District Cooling was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code. 

Gail is listed on the March 1, 2022 Report to the New Jersey Legislature Iran Divestment as a prohibited company.

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As of July 2020, GAIL remains on 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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As of June 8, 2020, GAIL is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.  

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As of October 2019, GAIL remains on the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran for its oil-related investments of at least US $20 million since 1996. 

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In 2015, the North Carolina General Assembly enacted the Iran Divestment Act of 2015 to implement the authority granted by the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. The Act prohibits the North Carolina Retirement Systems or the Department from investing in funds with individuals or companies engaging in certain defined investment activities in Iran. In addition, State agencies, local government units, and other political subdivisions of the State are prohibited from contracting with companies on the Department’s “Final Divestment and Do-Not-Contract List-Iran.” As of August 30 2019, GAIL is listed as a restricted company.  

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On March 31, 2017, GAIL was removed from the Alaska Retirement Management Board's list of companies doing business with Iran.

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On March 14, 2017, GAIL was removed from the Florida State Board of Investments Iran Continued Examination list.

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In 2017 the U.S. states of North Carolina and Pennsylvania listed GAIL on its list of companies engaged in investment activities in Iran rendering GAIL ineligible for investment and/or state contracting.

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In 2016 Tennessee used the South Carolina list of "Entities Ineligible to Contract with the State of South Carolina or any Political Subdivision of the State per the Iran Divestment Act of 2014, S.C. Code Ann." as its list of persons it determines engage in investment activities in Iran. GAIL was included on this list in 2016. "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

In 2018 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” BPCL was included on this ist in 2018. Tennessee states "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

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"The visit by a team comprising three gas buyers in India, including Gail and IOL, plans to discuss the cost of the gas that would be acquired through the pipeline and other modalities, people familiar with the developments..." (Economic Times, "GAIL, IOL team to visit Iran in March for $4.5-billion undersea gas pipeline," 2/29/2016).

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In 2011, GAIL 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.

In 2017 the U.S. state of Iowa listed Energy House Holding Company on its state list of companies doing business with Iran, rendering Energy House ineligible for investment and/or state contracting.