The Resource Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors, [Joseph A. Christoff]

Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors, [Joseph A. Christoff]

Label
Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors
Title
Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors
Statement of responsibility
[Joseph A. Christoff]
Title variation
Iran oil, gas, and petrochemical sectors
Creator
Contributor
Subject
Language
eng
Summary
Using open source information, we identified 16 foreign firms that had commercial activity in Iran's oil, gas, and petrochemical sectors from January 2010 through May 2011, including 2 firms not listed in our prior report. According to our review of reliable open sources, foreign firms have significantly decreased commercial activity in Iran's oil, gas, and petrochemical sectors since we last reported. Twenty of the 41 firms listed in our 2010 report declared in their public reporting or in letters to GAO, which were also confirmed by State, that they have withdrawn or are withdrawing from commercial activity in Iran's energy sector. The companies that withdrew from Iran cited several reasons for ceasing activity, including sanctions imposed by the U.S. government, as well as other international organizations, and the difficulty associated with conducting business with Iran. According to Oil and Gas Journal, Iran's oil production could fall by more than 25 percent over the next 5 years because of a lack of investment in the country's energy sector. However, IHS Global Insight and DOE report that Indian and Chinese state oil companies have increased interest in the construction of Iranian refineries, and Iran is looking to India and China to increase development of oil exploration and production. Of the 16 foreign firms identified as having commercial activities in the oil, gas, and petrochemical sectors in the latest review period, two firms have U.S. government contracts totaling approximately $4 million in obligated funds. In comparison, our 2010 report found that the U.S. government obligated almost $880 million in contracts to 7 of the 41 firms having commercial activity in the Iranian energy sectors between 2005 and 2009. However, by May 2011, 5 of these 7 companies had withdrawn from commercial activity in Iran's energy sector
Cataloging source
DID
http://library.link/vocab/creatorName
Christoff, Joseph A
Government publication
federal national government publication
Index
no index present
LC call number
HF1413.5
LC item number
.C47 2011eb online
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
United States
http://library.link/vocab/subjectName
  • Economic sanctions, American
  • Petroleum
  • Petroleum industry and trade
  • Gas industry
  • International business enterprises
  • Investments, Foreign
  • Economic sanctions, American
  • Gas industry
  • International business enterprises
  • Investments, Foreign
  • Petroleum industry and trade
  • Iran
Label
Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors, [Joseph A. Christoff]
Instantiates
Publication
Note
  • Title from PDF p.1 screen (viewed Aug. 6, 2011)
  • "August 3, 2011."
  • "GAO-11-855R."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
745708263
Dimensions
unknown
Extent
1 online resource (24 pages)
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)745708263
System details
  • System requirements: Adobe Reader
  • Mode of access: World Wide Web
Label
Firms reported in open sources as having commercial activity in Iran's oil, gas, and petrochemical sectors, [Joseph A. Christoff]
Publication
Note
  • Title from PDF p.1 screen (viewed Aug. 6, 2011)
  • "August 3, 2011."
  • "GAO-11-855R."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
745708263
Dimensions
unknown
Extent
1 online resource (24 pages)
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)745708263
System details
  • System requirements: Adobe Reader
  • Mode of access: World Wide Web

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