The following questions have been posed by client’s compliance officer in order to help them identify Iranian companies and subsidiaries they should avoid doing business with.

Please estimate the amount of time needed for each of these questions, the resources to fill them (who can work on this?). We need to keep client’s name out of this and make it first a research/monitoring question, then after we’ve exhausted the available information we can take it to Stick’s team to fill in the blanks. We may have some of this information from our drilling and shipping sweeps plus each AOR involved may have some info already at hand. Need to check with our heads forIran, Sudan, Russia, China.India.

1. Question: What Iranian companies have interests/ownership in oil and gas deals being done outside Iran?We should look at Russian and Chinese deals as they are more likely to partner with Iranians. But obviously, from her example yesterday, BP also has at least in one field, partnered with Iran.

This is a list I pulled up from the Iran oil and gas companies website (it needs to be organized as there may be repetitions) that gives us a starting place while waiting for the list from the client.

We need to see which of these companies 1) are operating outside of Iran

2) of those which have foreign partnerships.

3) of those with foreign partnerships what % are Iranian owned.

  • National Iranian Oil Co. (NIOC)(Last Updated: Jan '09)
  • Petroleum Engineering & Development Co. (PEDEC)(Last Updated: Jan '09)
  • Petropars Co.(Last Updated: Jan '09)
  • Iranian Offshore Oil Co. (IOOC)(Last Updated: Jan '09)
  • National Iranian South Oil Company (NISOC) (Last Updated: Jan '09)
  • Karun Oil & Gas Production Co. (KOGPC)(Last Updated: Jan '09)
  • Gachsaran Oil & Gas Production Co. (GOGPC)(Last Updated: Jan '09)
  • Aghajari Oil & Gas Production Co. (AOGPC)(Last Updated: Jan '09)
  • Masjed Soleyman Oil & Gas Production Co. (MISOGPC)(Last Updated: Jan '09)
  • Marun Oil & Gas Production Co. (MOGPC)(Last Updated: Jan '09)
  • Iran Pira Haffari Co.(Last Updated: Jan '09)
  • Oil General Welfare Service Co. (OGWSC)(Last Updated: Jan '09)
  • Transportation & Oil Support Services Co. (TOSSC)(Last Updated: Jan '09)
  • South Eng. Services & Turbine Industrial Equipment Co.(Last Updated: Jan '09)
  • Pars Oil & Gas Co. (POGC)(Last Updated: Jan '09)
  • Pars Special Economic Energy Zone (PSEEZ)(Last Updated: Jan '09)
  • Research Institute of Petroleum Industry (RIPI)(Last Updated: Jan '09)
  • National Iranian Drilling Co. (NIDC)(Last Updated: Jan '09)
  • North Drilling Co. (NDC)(Last Updated: Jan '09)
  • National Iranian Tanker Co. (NITC)(Last Updated: Jan '09)
  • Kala Naft Co.(Last Updated: Jan '09)
  • Oil Terminals Co. (OTC)(Last Updated: Jan '09)
  • Naftiran Intertrade Co. (NICO)(Last Updated: Jan '09)
  • Iranian Fuel Conservation Co. (IFCO)(Last Updated: Jan '09)
  • National Iranian Gas Export Co. (NIGEC)(Last Updated: Jan '09)
  • Iranian Central Oil Fields Co. (ICOFC)(Last Updated: Jan '09)
  • West Oil & Gas Production Co.(Last Updated: Jan '09)
  • East Oil & Gas Production Co.(Last Updated: Jan '09)
  • South Zagros Oil & Gas Production Co.(Last Updated: Jan '09)
  • Khazar Exploration & Production Co. (KEPCO)(Last Updated: Jan '09)
  • Arvandan Oil & Gas Production Co.(Last Updated: Jan '09)
  • PetroIran Development Co. (PEDCO)(Last Updated: Jan '09)

National Iranian Oil Company (NIOC)

  • NIOC Affiliated Companies
  • National Iranian South Oil Company (NISOC) Subsidiaries
  • Iranian Central Oil Fields Company (ICOFC) Subsidiaries
  • Pars Oil and Gas Company (POGC) Subsidiaries
  • National Iranian Drilling Company (NIDC) Subsidiaries
  • National Iranian Gas Export Company (NIGEC) Subsidiaries

National Iranian Gas Company (NIGC)

  • NIGC Affiliated Companies

National Petrochemical Company (NPC)

  • NPC Affiliated Companies
  • Petrochemical Commercial Company (PCC) Subsidiaries
  • Petrochemical Industry Investment Co. (PIIC) Subsidiaries
  • Bandar Imam Petrochemical Co. (BIPC) Subsidiaries

National Iranian Oil Refining & Distribution Company (NIORDC)

  • NIORDC Affiliated Companies

Iranian Offshore Engineering & Construction Co. (IOEC)

  • IOEC Affiliated Companies

Oil Industry Investment Co. (OIIC)

  • OIIC Affiliated Companies

Oil Industries Engineering & Construction (OIEC)

  • OIEC Affiliated Companies

2. Which Chinese and Indian companies do business in Iran and Sudan? Can we find out how many rigs each company has drilling in these two countries? Is the number under 50% of the total number of rigs they own? (She mentioned ONGC as being one Indian company they know of.)

3. Can we find the names of all the rigs that are in Iran and Sudan. Offshore rigs are fairly easy and they have a start on that list, but mobile rigs and onshore rigs are harder to find.