Petrofac

In 2014 Petrofac was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran after it was determined to have past involvement.  (https://www.patreasury.gov/pdf/divestment/2014-Annual-Divestment-Report-print.pdf)

In 2011, Petrofac 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/2012-Annual-Divestment-Report-print.pdf)

"Intended recipient of safety bellow valves made of inconel alloy, the procurement of which was denied in 2006 by a member state of the Nuclear Suppliers Group (NSG); part of the multinational Petrofac Group; as of December 2004, secured a $30 million maintenance, modification and operations contract with South Pars Gas Complex (SPGC) to support production from phases 2 and 3 of Iran's South Pars gas field." (Iran Watch, "Petrofac Pars PJS," 8/28/08) (http://www.iranwatch.org/iranian-entities/petrofac-pars-pjs)

"Oil services company Petrofac (PFC.L) will reopen its office in Iran, its chief executive said on Wednesday, as the lifting of Western sanctions allows foreign companies to rekindle business ties with Tehran." (February 24, 2016). (https://uk.reuters.com/business/quotes/overview?symbol=PFC.L) (https://uk.reuters.com/article/uk-petrofac-iran/oil-services-company-petrofac-to-reopen-iran-office-idUKKCN0VX1NT)

"A high-profile business delegation from the UK met with Iranian petroleum officials to discuss future cooperation in oil and gas projects in Iran in the post-sanction setting. Executives and representatives from British oil and gas heavyweights including British Petroleum (BP), KCA Deutag and Petrofac, headed by Francis Maude, the UK trade and investment minister, met with Amir-Hossein Zamani-Nia, Iran's deputy minister for international affairs and trading, on Sunday to discuss oil and gas cooperation after the sanctions removals as per Iran's nuclear deal with the P5+1 group of countries which was struck on July 14 in Austria's Vienna." (Shana, "British Business Delegation in Tehran," 11/1/15) (http://t.uani.com/1NaLDhT)

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