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Archive for the Category ‘International Companies in Business with Iran’

Pension fund still linked to Iran

Pension fund still linked to Iran

WongMixxMySpaceNetvouzNewsvineoneviewOnlyWirePlugIMPropellerRedditSegnaloShoutwireSimpySlashdotSurphaceSphinnSpurlS LiveYahoo!Email This to a Friend  Link HTML:  Permalink:  If you like this then please subscribe to the RSS Feed or Email Feed.Powered by Bookmarkify™ More »By Jimmy Vielkind Source: Times Union August 3, 2010 ALBANY — With fanfare, Comptroller Tom DiNapoli announced last summer that the [...]

EXCLUSIVE: Firms Contracting With U.S. Government Flout Iran Sanctions Law, Watchdog Says

EXCLUSIVE: Firms Contracting With U.S. Government Flout Iran Sanctions Law, Watchdog Says

By Judson Berger Source: Fox News July 30, 2010 Two multinational corporations that have earned millions of dollars in U.S. government contracts are conducting business with Iran in violation of the recently signed sanctions law, according to an Iran watchdog group that has provided its research to FoxNews.com. United Against Nuclear Iran, a non-profit devoted [...]

Sanctioned Iran Group Pulls Out of Gas Project

Sanctioned Iran Group Pulls Out of Gas Project

By Benoit Faucon Source: The Wall Street Journal July 16, 2010 LONDON—The engineering arm of Iran’s Revolutionary Guard Corps said Friday it was pulling out of projects in a giant Iranian natural-gas field, blaming mounting sanctions from the West. The decision is a blow to a push by President Mahmoud Ahmadinejad to tighten control of [...]

FACTBOX-Foreign companies stepping away from Iran

FACTBOX-Foreign companies stepping away from Iran

Source: Reuters July 14, 2010 BP (BP.L) confirmed on Tuesday it stopped supplying jet fuel to Iran Air at Germany’s Hamburg airport. [ID:nLDE66C228] BP declined to give a reason for ending the contract, but the halt in supply followed reports Iranian aircraft have been denied fuel because of the latest set of U.S. sanctions designed [...]

German trade with Iran has life of its own

German trade with Iran has life of its own

Germany’s emerging status as a global political power shines a light on its substantial dealings with Iran, putting its aspiration to be a diplomatic heavyweight at odds with its economic interests. By Borzou Daragahi Source: Los Angeles Times July 13, 2010 Reporting from Berlin — Chancellor Angela Merkel can warn companies all she wants to [...]

New charges filed against Irish firm on Iran exports

New charges filed against Irish firm on Iran exports

Source: Agence France Presse (AFP) July 8, 2010 WASHINGTON — New charges were filed Wednesday against Irish-based Mac Aviation Group and its officers for allegedly exporting F-5 fighter aircraft parts and other military equipment to Iran, the US Justice Department said. In addition to the original charges against the firm unsealed in March 2009, two [...]

FACTBOX-Foreign companies stepping away from Iran

FACTBOX-Foreign companies stepping away from Iran

Source: Reuters July 5, 2010 Iranian officials accused Germany, Britain and the United Arab Emirates on Monday of refusing to refuel Iranian passenger planes in response to tougher U.S. sanctions over its nuclear programme [ID:nLDE66418N]. A growing number of oil companies, trading houses and other international companies have stopped doing business with Iran this year [...]

Total CEO calls Iran oil embargo’an ‘error’

Total CEO calls Iran oil embargo’an ‘error’

Source: Agence France Presse (AFP) July 2, 2010 AIX-EN-PROVENCE, France — The CEO of French energy giant Total on Friday criticised sanctions against Iran, saying an embargo on petrol products was an “error” that would harm ordinary people. Speaking at an economic forum in Aix-en-Provence in southern France, Christophe de Margerie confirmed Total had suspended [...]

New U.S. Law on Iran May Hurt Japanese Firms

New U.S. Law on Iran May Hurt Japanese Firms

By Mari Iwata, Kosaku Narioka and Atsuko Fukase Source: The Wall Street Journal July 1, 2010 TOKYO—A new American law aimed at ratcheting up financial pressure on Iran could hit a handful of Japanese energy and financial firms. Reports issued by U.S. researchers attempting to document activity by multinational companies in Iran have named oil-and-gas [...]

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

Source: Reuters Africa July 1, 2010 SEOUL – South Korea’s GS Engineering & Construction (GS E&C) (006360.KS: Quote) said on Thursday that it has called off a 1.42 trillion won ($1.2 billion) gas project in Iran following sanctions on the Middle East nation. The company said in a filing to a regulatory agency that it [...]

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