Aggreko Plc American Express
Aggreko Plc American Express
Aggreko Plc American Express
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<strong>Aggreko</strong> <strong>Plc</strong><br />
Ticker: AGK<br />
ISIN: GB0001478998<br />
CUSIP: G0116S102 SEDOL: 0147899<br />
IRAN<br />
<strong>Aggreko</strong>, a provider of power generation and temperature control services based in the United Arab<br />
Emirates, won a contract in 2001 with Expro Swire Ltd. to supply a 6.8MW/11kV temporary power<br />
package on board the Soroosh Early Oil Production Facility, ESP-1, during its operation in the Soroosh<br />
oilfield, offshore Iran. Under the contract, <strong>Aggreko</strong> was to supply power to operate electrical,<br />
submersible pumps and water injection units on the early production facility, which is a converted jackup,<br />
drilling rig designed to process crude oil. (Company Website, 9/2001 and 11/2005; Comtex News<br />
Network, 6/21/2005)<br />
<strong>American</strong> <strong>Express</strong><br />
Ticker: AXP<br />
ISIN: US0258161092<br />
CUSIP: 025816109 SEDOL: 2026082<br />
Syria Operations:<br />
In 2006, <strong>American</strong> <strong>Express</strong> Co. confirmed on its corporate website, under the section of its website<br />
entitled "Partner Listings," its joint subsidiary <strong>American</strong> <strong>Express</strong> Middle East (AEME) with Mawarid Group,<br />
based in Bahrain, which services Syrian clients. (Company website, 1/19/2007)
AMR Corp<br />
Ticker: AMR<br />
ISIN: US0017651060<br />
SEDOL: 2001692<br />
IRAN<br />
<strong>American</strong> Airlines paid a fine of $14,750.00 to the U.S. Treasury Department's Office of Foreign Assets<br />
Control (OFAC) to settle charges that the company violated sanctions law. <strong>American</strong> Airlines allegedly<br />
violated Title 31 Part 560 of the U.S. Code of Federal Regulations, which describes the U.S. economic and<br />
financial sanctions regime that covers trade with Iran. The company allegedly engaged in illegal funds<br />
transfers with Iran in 2001. <strong>American</strong> Airlines did not voluntarily disclose the alleged offense.<br />
SYRIA<br />
According the company's website, <strong>American</strong> Airlines offers service to Damascus and Aleppo in Syria as<br />
part of a code share arrangement with one of its Oneworld alliance partners. (Company website 1/2007)<br />
Atlas Sudan Copco<br />
Ticker: ATLCY<br />
ISIN: US0492558053<br />
CUSIP: 049255805 SEDOL: 2062019<br />
IRAN<br />
Atlas Copco Craelius, a division of Atlas Copco, delivered 20 drill rigs to Iran for construction and grouting<br />
work at the Karoon III dam. The project's expected completion date is 2006. (Rental Equipment<br />
Register, 7/2000; Water Power & Dam Construction, 8/31/2000; Technical Review Middle East,<br />
5/15/2001) The Atlas Copco Crealius contract to supply 20 drill rigs to support work at the Karron III dam<br />
is worth approximately US $900,000. (AFX European Focus, 5/29/2000) Information on revenues that<br />
the government of Iran receives from these operations was not available.<br />
SUDAN<br />
According to company website, Atlas Copco Eastern Africa services several African countries, including<br />
Sudan. (Company website, http://www.atlascopcogroup.com/us/Contactus/ACworldwide/?business_areas=--&countries=SD).<br />
Furthermore, in 2003 the<br />
company provided "seals and o-rings" to Bharat Heavy Electrical Ltd., which is actively operational in<br />
Sudan (http://www.bis.doc.gov/News/2005/04AnnualRept/AppD.htm) However, research did not reveal<br />
any ongoing company ties to Sudan.
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