Iran Sanctions - Foreign Press Centers

Date Field/Project
October
2004
(http://www.reuters.com/article/
idUSN0317110720090703.)
Yadavaran (oil)
Formal start of development of the field
still delayed as of September 2011
(“China Curbs Iran Energy Work,”
Reuters, September 2, 2011)
2005 Saveh bloc (oil)
GAO report, cited below
June
2006
July
2006
Sept.
2006
Dec.
2006
Feb.
2007
Feb.
2007
Garmsar bloc (oil)
Deal finalized in June 2009
(“China’s Sinopec signs a deal to develop
oil block in Iran—report,” Forbes, 20
June 2009, http://www.forbes.com/feeds/
afx/2006/06/20/afx2829188.html.)
Arak Refinery expansion
(GAO reports; Fimco FZE Machinery
website; http://www.fimco.org/index.php?
option=com_content&task=view&id=70&
Itemid=78.)
Khorramabad block (oil)
Seismic data gathered, but no production
is planned. (Statoil factsheet, May 2011)
North Pars Gas Field (offshore gas).
Includes gas purchases
Work crews reportedly pulled from the
project in early-mid 2011. (“China Curbs
Iran Energy Work” Reuters, September 2,
2011)
LNG Tanks at Tombak Port
Contract to build three LNG tanks at
Tombak, 30 miles north of Assaluyeh
Port.
(May not constitute “investment” as
defined in pre-2010 version of ISA,
because that definition did not specify
LNG as “petroleum resource” of Iran.)
“Central Bank Approves $900 Million for
Iran LNG Project.” Tehran Times, June
13, 2009.
Phase 13, 14—South Pars (gas)
Deadline to finalize as May 20, 2009,
apparently not met; firms submitted revised
proposals to Iran in June 2009.
(http://www.rigzone.com/news/article.asp?
Iran Sanctions
Company(ies)/Status
(If Known) Value Output/Goal
Sinopec (China), deal
finalized Dec. 9, 2007
$2 billion 300,000 bpd
PTT (Thailand) ? ?
Sinopec (China) $20 million ?
Sinopec (China); JGC
(Japan). Work may have
been taken over or
continued by Hyundai
Heavy Industries (S.
Korea)
Norsk Hydro and
Statoil (Norway).
China National
Offshore Oil Co.
$959 million
(major initial
expansion;
extent of
Hyundai work
unknown)
$49 million ?
Expansion to
produce
250,000 bpd
$16 billion 3.6 billion cfd
Daelim (S. Korea) $320 million 200,000 ton
capacity
Royal Dutch Shell,
Repsol (Spain)
$4.3 billion ?
Congressional Research Service 50