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Factbox: Company deals at risk from U.S. sanctions on Iran

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(Reuters) - French company Total said on Wednesday it may pull out of the South Pars 11 (SP11) project in light of U.S. Donald Trump's decision to withdraw from an international nuclear deal and reinstate sanctions on

Following is a list of deals and memoranda of understanding(MoU) that has signed with foreign companies, which could be under threat amid speculation may impose secondary sanctions on firms that continue to work with

AND GAS

* Total said on Wednesday it would pull out of the South Pars project and unwind all related operations by Nov. 4 "unless Total is granted a specific project waiver by U.S. authorities with the support of the French and European authorities."

The company had signed the South Pars deal in November 2016, becoming the first to agree a big transaction with in the wake of the 2015 international nuclear agreement.

Industry sources said in October 2017 that China's top and gas company would consider taking over Total's stake in the project if the French company left.

* Norwegian company said inNovember 2016 it was the second Western company to sign a deal with under which it agreed to studythe development of the in

* signed a provisional deal in December 2016to develop Iranian South Azadegan, Yadavaranand Kish. But its annual report published in 2017 showed it hadbought only three cargoes of Iranian oil since the easing ofsanctions, in a sign of the legal difficulties hampering trade.

* South Korea's and Construction (DaewooE&C) signed a MoU in 2015 to carry out construction of an in on the southern coast of Iran.

* Norway's signed a MoU in May 2016 tomodernise the Iranian

* Austria's OMV signed a MoU in May 2016 forprojects in the Zagros area of and the fieldin the south. In June 2017, OMV and Russia's Neftannounced a MoU to work in Iran's

* Italy's signed MoUs in 2016 to cooperate on Iranianpipeline projects, upgrading of refineries and development ofthe Tous in the northeastern province of

* and gas exploration armsigned a MoU with the in April2016. In February 2017, it said it was in talks about a possibleinvestment in Iran, but no decision was on the cards because ofuncertainty over the status of economic sanctions.

* In January 2017, Iran named 29 companies from more than adozen countries as being allowed to bid for a new, less restrictive contract model. The firms includedShell, Total, Italy's Eni, Malaysia's and Russia's and Lukoil,as well as companies from China, Austria, and elsewhere.

* Italy's signed an agreement with Iran in June 2017 forfeasibility studies to develop an and a

* India's in lateFebruary signed an initial non-binding agreement with an Iraniancompany to develop the in the south of Iran,a company source said.

* The signed a deal in Marchwith Russia's to develop two oilfields in Iranfields, according to SHANA, the site of the Iranian oilministry.

RENEWABLES

* Norway's signed a 2.5 billion euro ($3billion) deal in October 2017 to build solar power plants inIran.

AVIATION

* U.S. planemaker agreed in December 2016 tosell 80 aircraft, including 15 777-300ER long-range jets,to IranAir. Last month, said it had found new homes forjets it hoped to deliver to Iran this year, adding it had noIranian deliveries scheduled or part of production this year.

* European planemaker said in December 2016it had sealed a deal to sell 100 jets to IranAir. Only three have so far been delivered.

* Iran completed a deal in April 2017 to buy 20 aircraftfrom European turboprop maker ATR, half-owned by andLeonardo.

* Germany's said in April 2017 it was intalks with IranAir to provide catering, maintenance and pilottraining.

* Iran's agreed in April 2017 to buy jets.

* Iran's signed a MoU in June 2017 to buy and eight A330neo aircraft.

* Iran Airtour signed a MoU in June 2017 for 45 AirbusA320neos.

RAILWAYS

* Germany's signed a contract in October2016 to upgrade Iran's It was also to supplycomponents for 50 diesel-electric locomotives to Iran.

* National Machinery Import and Export Corporation,signed a 2.2 billion-euro deal in May 2017 with Iran's MAPNA forelectrification of a high-speed rail line between Tehran andMashhad, according to Iran's Financial Tribune newspaper.

* Iran's state rail company and its Italian counterpart,(FS) signed a final agreement worth 1.2billion euros in July 2017 to build a high-speed railway betweenthe Iranian cities of and

* French and group signed a deal in July 2017 for a joint venture tobuild metro and suburban rail carriages in Iran.

AUTOMOTIVE

* French carmaker had signed Iranianproduction deals worth 700 million euros ($768 million) by May2017. said in January it sold 444,600 vehicles in Iran lastyear.

* Germany's said in July 2017 itwould start exporting cars to Iran, returning to the marketafter more than 17 years. But the company said in October 2017its Spanish arm Seat was no longer looking at the possibility ofentering the Iranian

* France's said in August 2017 it hadsigned a joint venture deal in Iran following an initialpartnership agreement a year earlier. The new venture includedan engineering and purchasing centre to support the developmentof local suppliers as well as a plant with an initial productioncapacity of 150,000 vehicles a year, supplementing Renault'sexisting capacity of 200,000 vehicles a year in the country.

* Germany's signed acontract with in September 2017, laying thefoundation for resuming distribution of its trucks in Iran.

* Autoneum, a Swiss maker of sound and heatshields for automobiles, in December 2017 announced a licensingdeal for Iranian to producecarpets, inner dashes and floor insulators for carmakers and PSA, with production due to start in 2019.

BANKING

* signed a deal with Iran in September2017, enabling it to finance new ventures there and making itone of the first European banks to do so since sanctions wereeased.

But global banks have shied away from handlingIran-related Among them is HSBC, which hassaid it has no intention of doing any new involvingIran.

HEALTHCARE

Danish decided in September2015 to invest 70 million euros in a factory in Iran, adding 160staff to the 130 it maintained in the country throughout thesanctions. Medicines were excepted from the sanctions butshipping drugs into the country was troublesome, due to tightcurbs on financial transactions and restrictions on technology.

($1 = 0.8445 euros)

(Compiled by Bozorgmehr Sharafedin and Arathy S Nair; Editingby Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 20:43 IST
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