SKS Ventures

"Iran's Pars Oil and Gas Company and Malaysia's SKS Ventures signed the multibillion-dollar contract to develop the Golshan and Ferdows gas fields in southern Iran. (Canberra Times, In Brief, December 28, 2007)

On June 30, 2019, New Jersey listed SKS Ventures on its state list of entities determined, based on credible information, to be engaged in prohibited activities in Iran. (https://www.state.nj.us/treasury/purchase/pdf/Chapter25List.pdf)

In 2018 and 2019 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.” SKS Ventures was included on this list in 2018 and 2019. 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." (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/other/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY09.26.18.docx) (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/other/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY09.20.19.pdf)

SKS remains one of two foreign oil company still invested in developing Iran's South Pars gas field, a venture from which numerous other foreign oil giants including Royal Dutch Shell and Total have pulled out (Financial Times).  (http://www.ft.com/cms/s/0/3510c08e-9419-11df-a3fe-00144feab49a.html)

SKS is listed on the August 5, 2020 California Department of General Services, "Entities Prohibited from Contracting with Public Entities in California per the Iranian Contracting Act, 2010" list. (https://www.dgs.ca.gov/-/media/Divisions/PD/PTCS/OPPL/Iran-Contracting-Act-List.pdf?la=en&hash=71776438AADF114D952082668B1D6A0AEED31C2B)

Post-1999 Major Investments in Irans Energy Sector: Dec. 2007, SKS Ventures (Malaysia), $16 billion." (CRS Report, "The Iran Sanctions Act," 7/23/08)

In 2017 the U.S. state of Pennsylvania listed SKS on its list of entities determined to be engaged in prohibited activities in Iran rendering SKS ineligible for investment and/or state contracting.

On October 14, 2020, SKS remained on the Tennesse Department of General Services list of persons it determines engage in investment activities in Iran, as described in 12-12-105. (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/cpo-library/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_with%20NY10.14.20.pdf)

"China Petroleum & Chemical Corp., known as Sinopec, and Malaysia's SKS Ventures have taken over some parts of the projects, but the bulk of the work is now done by little-known local consortiums, some of them affiliates of the Guard's construction arm. Others belong to banks and the state."---Regarding refinery projects (South Pars). (Washington Post, "Sanctions slow development of huge natural gas field in Iran," 7/23/2010) (http://www.washingtonpost.com/wp-srv/world/countries/china.html?nav=el) (http://www.washingtonpost.com/wp-dyn/content/article/2010/07/22/AR2010072203933.html)

SKS Ventures is listed on the January 2019 Entities prohibited from Contracting with Public Entities in California list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%203-31-19.pdf) (https://www.dgs.ca.gov/-/media/Divisions/PD/PTCS/OPPL/Iran-Contracting-Act-List.ashx?la=en&hash=95E15BE0E8841A4AC8C2CD823C7D8EC0F1F58981)

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In January 2021, the State of New Jersey Department of the Treasury listed SKS as a company engaged in prohibited activities in Iran pursuant to P.L. 2012, c. 25 ("Chapter 25").  (https://www.nj.gov/treasury/purchase/pdf/Chapter25List.pdf)

"Iranian National Oil and Malaysia's SKS Ventures signed a $6 billion contract to develop the Golshan and Ferdows offshore gas fields in Iran, which contain an estimated 60 trillion cubic feet of gas, Minister Gholamhossein Nozari said on Wednesday. He said that a second part of the deal to build plants to produce liquefied natural gas worth $10 billion would soon be ready for signing." (Forbes, "Iran Deal Is A Gas For Malaysia's SKS," 12/26/07) CNPC remains one of two foreign oil company still invested in developing Iran's South Pars gas field, a venture from which numerous other foreign oil giants including Royal Dutch Shell and Total have pulled out

In 2018 the U.S. state of New Jersey, New York listed SKS on its list of entities determined to be engaged in prohibited activities in Iran rendering SKS ineligible for investment and/or state contracting.