Technip

In 2018, Technip was listed as a divested security on the Michigan State Retirement System list for active business operations in Iran. 

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According to its Quarterly Report filed with the SEC for fiscal year 2018: "We had submitted bids to or had discussions with companies in Iran, including some that may be owned or controlled by the Government of Iran, regarding potential future projects in Iran. In third quarter 2018, we withdrew all pending bids in Iran and will not accept a contract award related to such a project."

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We intend to withdraw all pending bids related to Iran and will not accept a contract award related to such a project. (6/30/18)

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In 2017 the U.S. state of Michigan listed Technip as an Iran restricted company rendering Technip ineligible for investment and/or state contracting.

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"Iran’s Jam Petrochemical Complex (JPC) is currently in final stages of talks with Germany’s Linde Group and France’s TechnipFMC for an agreement to expand its ethylene production at its site in the southern province of Bushehr." (November 15, 2017).

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According to its 2018 SEC disclosure, "two of our non-U.S. subsidiaries have contracts with entities in Iran. We have prepared a feasibility study related to improvements to an olefins plant in Iran. We are also providing engineering and design services for the construction of an ethylene plant in Iran, which is expected to be completed by the end of 2018." (2017)

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In 2014 Technip was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because it was determined to have past involvement.
 

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In 2011, Technip was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of oil-related investment of US $20 million since 1996.

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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 of 2007)

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"There is also the question, not mentioned by De Margerie, of where Iran would source LNG technology. Most key components used in projects around the world are manufactured in the US. NIGC says it has been negotiating with European firms, including Linde and Technip, but it is hard to see either working closely with Iran until the political situation improves." (Petroleum Economist, "The struggle to market," April 2007)

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GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco. (The London Times, American pressure threatens UK firms, May 27, 2006)