Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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The Global Business in Iran database consists of recent business projects inside Iran. As all information here is drawn from the media reports cited on project pages, the database is representative rather than comprehensive. Please contact Charlie Szrom with any questions.

Contractors

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Title Company Overview Country Type Sector
ADHK (Arborec Desarrollos Sociedad Anonima Hong Kong)

ADHK, registered in Spain, is mainly engaged in upstream petroleum operations.

 

"ZPMC Scores $2.2 billion contract with AHDK,"  Energy Business Review, July 21, 2009, http://oilgasexploration.energy-business-review.com/news/zpmc_scores_22_billion_worth_contract_with_adhk_090721.

Spain Private Construction; Power & Energy
Economic Cooperation Organization

The Economic Cooperation Organization is an intergovernmental cooperation organization founded by Iran, Turkey, and Pakistan in 1985.  The organization, which currently includes the Islamic Republic of Afghanistan, Republic of Azerbaijan, Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan in addition to its founders, aims to promote economic, cultural, and technological cooperation amongst its members.

 

Various Semi Co-operative Banking & Finance
Enel SpA

Enel SpA is an Italian producer and distributor of electricity and gas.  It is the largest energy company in Italy and maintains the second most extensive energy distribution system in Europe.

 

"Enel SpA: Home," Enel SpA, September 23, 2009, http://www.enel.com/en/.

Italy Mixed Private and Government Power and Energy
Amona Group

 The Amona Group consists of companies in the property development, construction, project management, and IT/multimedia industries.  The group is headed by AMONA Permodalan Holdings Sdn Bhd, a holding company.

 

"About Amona," Among Group of Companies, September 23, 2009, http://www.amona.com.my/index.php?option=com_content&view=article&id=71&....

Malaysia Government/Public Oil, Gas, and Petrochemical; Construction
Hewlett-Packard (HP), Hewlett-Packard Europe B.V. (European Subsidiary), Meyrin Branch, Redington Gulf

HP is a California-based technology company, best known for its printers, that operates in more than 170 countries around the world.Hewlett-Packard Europe B.V. is HP's European subsidiary that also has a branch in Meyrin, Switzerland.

Redington Gulf is one of the largest IT distributors in the Gulf.

 

"About Us: Corporate Profile: Redington Gulf," Redington Gulf, September 23, 2009, http://www.redingtongulf.com/redingtonhome/profile.html?tab=1.

United States Private Consumer
Krupp UhDe

International construction company with 4,900 employees.  It has constructed over 2,000 petrochemical plants to date.

 

"UhDe GmbH Homepage," UhDe GmbH, September 23, 2009, http://www.uhde.eu/index_flash.en.epl.

 

 

Germany Private Construction
INA Industrija Nafte d.d

INA-Industrija nafte d.d. is a joint stock medium sized oil company that is a major player in Croatia's energy sector.  Currently, the Hungarian Oil Company and the government of Croatia own 47% and 44% shares, respectively.

 

"About Company," INA-Industrija nafte d.d., September 23, 2009, http://www.ina.hr/default.aspx?id=246.

Croatia Public/Government Oil, Gas, and Petrochemical
Turkish Petroleum Corporation (TPAO)

Turkish state-owned petroleum corporation that operates primarily in the Caspian basin, North Africa, and the Middle East.  It is currently conducting extensive exploration operations in Kazakhstan.

 

"International Exploration and Production," TPAO, September 23, 2009, http://www.tpao.gov.tr/v1.4/index.php?option=com_section&task=view&id=15&itemid=73.

Turkey Government Oil, Gas, and Petrochemical
Saipa

The joint Syrian-Iranian company produces automobiles in the Syrian city of Homs.  Syria controls 15% of the company, Iran 85%.

 

 

"Saipa: History," Saipa Corporation, September 23, 2009, http://www.saipacorp.com/en/history/.

Syria Government/Public Manufacturing
Islamic Development Bank (IsDB)

The Islamic Development Bank  is a multilateral development financing founded by the Finance Ministers of the Organization of the Islamic Conference.  It is based in  Saudi Arabia and has observer status at the United Nations General Assembly..  Currently, 57 states own shares in the bank. 

 

 

 

"About IDB," The Islamic Development Bank, September 21, 2009, http://www.isdb.org/irj/portal/anonymous?NavigationTarget=navurl://24de0....

 

Saudi Arabia Government Banking & Finance
Mitsui Petrochemical Industries, Ltd.

 Mitsui is a Japanese chemical corporation.  Its products range from basic industrial chemical materials to advanced chemical solutions.

 

"Mitsui Chemicals: About Us," Mitsui Chemicals, September 23, 2009,  http://www.mitsuichem.com/corporate/index.htm. 

Japan Private Oil, Gas, and Petrochemical
Aerzener Maschinenfabrik GmbH

Aerzener Maschinenfabrik GmbH  produces a wide array of high quality machine components including: positive displacement blowers, screw compressors and rotary piston gas meters.  The 1,000 person company is located in Hamelin Piermont, Lower Saxony.  

 

"Our Products," Aerzener Maschinenfabrik GmbH, September 23, 2009,  http://eng-de.aerzen.com/DE/Homepage/Our-Products.

Germany Private Manufacturing
Armenian Railways

 Armenian Railways is the state-run rail operator in Armenia.  In recent years, the company  has sought foreign investment  to fund the restoration of Armenia's rail operating environment, which deteriorated significantly following the fall of the Soviet Union.

 

"South Caucasus Railways (SCR) has officially started business operations," Russian Railways, June 4, 2008, http://eng.rzd.ru/wps/portal/rzdeng?STRUCTURE_ID=15&layer_id=3044&id=101961.

Armenia Government Transportation
Indian Oil Corporation Limited

The Indian Oil Corporation Limited is a state run oil infrastructure development firm committed to promoting Indian energy self-sufficieny.

 

 

"IndianOil: About," Indian Oil Corporation Limited, September 23, 2009, http://www.iocl.com/Aboutus/Business.aspx.

India Government/Public Oil, Gas, and Petrochemical
Oil and Natural Gas Corporation Limited (ONGC)

 ONGC is the largest petroleum company in India, accounting for more than three quarters of Indian production of crude oil and natural gas.  Since the liberalization of Indian economic policy and the government's partial divestment in the 1990's, the company has taken its operations international.  However, the Indian government remains the majority shareholder.  

 

 

"ONGC :: Investor Center :: Profile," ONGC, September 23, 2009,  http://www.ongcindia.com/profile_new.asp.

 

India Public Oil, Gas, and Petrochemical
BOTAS

BOTAS is the state-owned crude oil and natural gas pipeline and trading company serving the Turkish energy market.  The company has been involved in the planning or implementation of a number of pipeline projects, most notably the Baku-Tbilisi-Ceyhan pipeline.

 

 

"BOTAS AS :: nabucco GAS PIPELINE PROJEKT", BOTAŞ Petroleum Pipeline Corporation, September 23, 2009,  http://www.nabucco-pipeline.com/company/shareholders7/botas-as/botas.html.

 

 

Turkey Government Oil, Gas, and Petrochemical
Future Bank

The Bahrain based Future bank is a joint venture between Iran's Bank Saderat, Bank Melli Iran, and Bahrain's Ahli United Bank established in 2004..  It has a capital outlay of $99 million.  The bank offers corporate and retail banking services. 

 

"Future Bank: Home," Future Bank, September 23, 2009, http://www.futurebank.com.bh/. 

 

---- Private Banking & Finance
Nuclear Power Corporation of India (NPCIL)

NPCIL is a state owned corporation responsible for operating nuclear energy infrastructure and implementing new nuclear energy projects.  It is administered by the Indian Department of Atomic Energy.

 

 

"NPCIL: About US," Nuclear Power Corporation of India Limited, September 23, 2009, http://www.npcil.nic.in/main/AboutUs.aspx.

India Government Construction; Power & Energy
Turkmengaz

State-run gas company of Turkmenistan, the nations main E&P operator.  Turkmenistan's known natural gas reserves are currently estimated at 8.1-8.7 trillion cubic meters.  

 

"Turkmenistan - LNG for Export," APS Review Downstream Trends, September 11, 2000, http://www.allbusiness.com/mining/oil-gas-extraction-crude-petroleum-natural/629508-1.html. 

Turkmenistan Government Oil, Gas, and Petrochemical
Samsung Electronics

The Samsung Group is the world largest conglomerate in terms of revenue.  It is made up of companies in the electronics, machinery, chemical, and financial services industries.  The conglomerate accounts for more than 20% of South Korean exports annually.

 

"Corporate Profile: About Samsung," Samsung Group Corporate Website, September 23, 2009, http://www.samsung.com/us/aboutsamsung/corporateprofile/index.html.

South Korea Private Consumer