JGC Corporation

Lists an office in Tehran Iran on its company website. (http://www.jgc.com/en/01_about_jgc/corporate_profile.html)

JGC was hired as a contractor to design the expansion of the National Iranian Oil Refining and Distribution Company's Arak refinery. (http://www.niordc.ir/index.aspx?siteid=77&pageid=341)

In 2017, CalSTRS designated JGC Corporation as “Under Review” for reportedly providing engineering services for power plants and gas processing plants in Iran. CalSTRS maintained the “Under Review” designation in 2018.   (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2018.pdf)

"Japanese energy producer Inpex Corp. (1605.TO) and plant maker JGC Corp. (1963.TO) are included in a list of companies that have been confirmed by the U.S. Government Accountability Office to have either signed an agreement to conduct business, invested capital or received payment for providing goods or services in connection with a Iranian oil, gas, or petrochemical projects during the 2005-09 period.

In 2011, JGC 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. -- (https://www.patreasury.gov/pdf/divestment/2011-Annual-Divestment-Report-print.pdf)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> "The company was reported as potentially providing engineering services for power and gas processing plants in Iran. In 2018 CalPERS designated the company as under review. In 2019 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS has maintained the company in “monitor” status for 2020. CalPERS continues to monitor the company for possible changes in status relevant to the Act." (https://www.calpers.ca.gov/docs/forms-publications/iran-sudan-divestment-2020.pdf)

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"JGC Holdings Corporation reportedly provides engineering services for power plants and gas processing plants in Iran. In 2017, CalSTRS designated JGC Corporation as “Under Review” for potentially having ties to Iran. CalSTRS maintained the “Under Review” status in 2018. In 2019, CalSTRS designated JGC Corporation as “Being Monitored.” In 2020, CalSTRS removed JGC Holdings Corporation after further review of the company’s internal controls to prevent sanction violations." (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2020.pdf?1609284307)

Members of the U.S. Congress are debating legislation that would impose unilateral sanctions against Iran over its uranium processing activities." (Down Jones Newswires, "Japan Not Too Worried Inpex, JGC On US Sanctions List," 4/27/10) (http://online.wsj.com/article/BT-CO-20100427-703417.html?KEYWORDS=iran)

According to correspondence with Minnesota's State Investment Board in 2011: "JGC CORPORATION (“JGC”) is not participating in any project in Iran, neither as engineer/constructor nor as investor. Moreover, JGC has no revenue, outstanding contracts and assets in Iran, nor conducts any activities in the mineral-extracting, nuclear, defense or other sectors in that country." -- (https://www.leg.state.mn.us/docs/2011/mandated/110099.pdf)

"In January 2017, Iran finalized talks with Japanese and South Korean companies to optimize oil refining process in two old refineries in Tehran and Bandar Abbas.

In 2012, JGC was removed from the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because its was considered to have "past involvement." (https://www.patreasury.gov/pdf/divestment/2012-Annual-Divestment-Report-print.pdf)

In 2017 the U.S. state of California listed JGC Corporation as a company under review for reportedly providing engineering services for power plants and gas processing plants in Iran.  (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2017.pdf)

Tehran Oil Refinery has signed a memorandum of understanding with two Japanese companies, JGC Corporation and Marubeni Corporation, on enhancing gasoline quality and quantity as well as reducing mazut output, the refinery’s managing director said. (May 7, 2018) (https://financialtribune.com/articles/energy/85904/tehran-refinery-signs-mou-with-japanese-companies)

On February 14, 2020, Iowa Public Employees' Retirement System removed JGC from its list of Iran Prohibited Companies. (https://www.ipers.org/sites/default/files/IPERS%27%20Iran%20Prohibited%20Companies%201Q20.pdf)

As of August 15, 2019, the state of Iowa listed JGC Corp. on its Iran scrutinized companies list. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)

Based on a plan, the JGC Corporation and JCCP (Japan Cooperation Center, Petroleum) was supposed to renovate Tehran’s refinery." (Tasmin News, "Iran Begins Bartering for Oil Projects," 7/12/2019).  (https://www.tasnimnews.com/en/news/2019/07/12/2052245/iran-begins-bartering-oil-for-industrial-projects)

Inpex has been engaged in the development of the Azadegan oil field in southwestern Iran, and JGC participated in expanding a refinery located in Arak, western Iran, according to the GOA report, which was released April 22.

JGC maintains an overseas office in Tehran, Iran. (JGC website."Global network") (http://www.jgc.co.jp/en/07abut/08global/index.html#03_15)