BASF

BASF’s participated in the 4th International Conference and Exhibition on Masterbatch & Polymer Compounds (“IMCPA” 2019), which will took place from February 17-29, 2019 in Tehran, Iran. (IMCPA 2019, “About”).

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Will maintain a business presence in Iran, but has committed to complying with all U.S. sanctions; had aimed to invest in Iran’s oil and gas industry via its oil exploration subsidiary, Wintershall; booked about €80 million in revenue in Iran in 2017. ("BASF commits to complying with US sanctions on Iran," Politico, September 18, 2018.)

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In recent days, Wintershall AG, a German energy firm, told its Iranian partners it may not find funding for Iranian oil projects because it relies on its parent company, BASF AG , which has huge chemical operations in the U.S., according to a person familiar with the matter. A Wintershall spokesman said it strictly complies “with all national and international laws and regulations.” (May 16, 2018).

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In 2018, the U.S. state of Michigan listed BASF on its state list of Companies Doing Business with Iran rendering BASF ineligible for investment and/or state contracting.

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In his interview with Rambler News, Wieland further emphasized that Iran was part of Wintershall’s strategy for targeting key regions. He reminded that the company had signed a memorandum of understanding with the National Iranian Oil Company (NIOC) for certain projects – what he said was in line with the same strategy. (January 29, 2018).

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Lists an office in Tehran, Iran on its company website.

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"BASF said it was in talks with Iran over a possible investment of its oil and gas division in the country but no decision was on the cards because of uncertainty over the status of economic sanctions. 'We can't see that the lifting of sanctions is being implemented at the speed that was initially expected,' BASF Chief Executive Kurt Bock told a news conference after the release of 2016 earnings. 'We are trying to assess whether it's possible for our oil and gas business to gain a foothold in Iran. We have been invited by the national authorities. The evaluation process is ongoing,' he said, adding the outcome was uncertain. He specified that such talks were limited to investments in oil and gas exploration and production and did not extend to downstream petrochemical processing plants." (Reuters, "BASF Says Iran Investment in Limbo amid Uncertainty over Sanctions," 2/24/2017).

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BASF’s Wintershall oil and gas exploration subsidiary has signed a memorandum of understanding (MOU) with the National Iranian Oil Company (NIOC), it said on Tuesday, confirming a media report. (April 12, 2016).

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According to its own reporting as of 2013, BASF maintained two wholly-owned subsidiaries in Iran, BASF Iran (PJS) Company and BASF Polyurethanes Pars (PJS) Company. (BASF Website, “BASF Report 2013: BASF Group List of Shares Held 2013 pursuant to Section 313(2) of the German Commercial Code”) 

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Burkhard Weimer, Managing Director at BASF Polyurethanes Pars, is listed as a member of the Board of Directors of the German-Iran Chamber of Commerce. (Deutsche-Iranische Industrie-unde-Handelskammer, “Board of AHK Iran”; LinkedIn, “Burkhard Wiemer: Managing Director at BASF Polyurethanes Pars,” accessed 4/22/14)

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"Islamic Republic of Iran Ambassador to Berlin Ali-Reza Sheikh-Attar said here Thursday despite the unjustly imposed western sanctions the economic relations of Iran and Germany have grown well on a continuous process... Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Zawya, "Envoy: Iran-Germany Economic Ties Growing Well Despite Sanctions," 7/11/2013)

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"BASF first started doing business in Iran in 1959, a spokesman for the company said.  He said the company continues to operate in the country  and that it monitors its business activities in Iran to assure compliance with all legal requirements and trade regulations. The company also has sold chemical products to the United States military." The company has received $12.7 million in revenue and benefits from the US government for their investments in Iran during 2000-2009.  The company's business in Iran is currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"Germany's trade ties to Iran stretch back to the Middle Ages, and many of the companies currently there have been active in Iran for decades. Some 85 German companies have operations in Iran, from chemical maker BASF AG to Deutsche Lufthansa AG and Bayer AG, and others such as Linde AG and Mercedes-Benz parent Daimler AG are active there, according to the Hamburg-based German-Iranian Chamber of Commerce. More than 7,000 companies conduct business there through local representatives. Germany has become such a big trading partner for Iran because so many of its companies provide the machinery and engineering prowess Iran needs to improve its infrastructure." (The Wall Street Journal, "German Firms Feel Pressure Over Tehran Trade," 10/3/09)

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"Several renowned German companies are involved in major Iranian infrastructure projects, especially in the petrochemical sector, like Linde, BASF, Lurgi, Krupp, Siemens, ZF Friedrichshafen, Mercedes, Volkswagen and MAN." (Payvand Iran News, "Iranian exports to Germany rose 50% last year," 12/8/08)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the Internet in July 2007)