Wintershall Dea

Energy
Germany
http://www.wintershall.com/en.html
BASF

On May 1, 2019, Winterhsall merged with DEA to form Wintershall Dea. BASF holds 67% of the shares in the joint venture. 

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Reuters lists Wintershall among companies that "signed contracts with Iran for oil and gas exploration, development and production, but froze their activities due to the sanctions...BASF’s Wintershall [RIC:RIC:RWEDE.UL] oil and gas exploration arm signed an MoU with the NIOC in April 2016 for investment in Iranian energy projects, but the deal was put on hold due to uncertainties over the economic sanctions."

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May not be able to funding for Iranian oil projects because of its parent company, BASF AG, a chemical company with major operations in the United States. (Benoit Faucon, "European Firms Start Pulling Back From Iran," The Wall Street Journal, May 16, 2018.)

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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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"Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. (June 23, 2017).  

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Germany's energy major, Wintershall, has submitted its proposal for developing Iran's Dehloran Oilfield to National Iranian Oil Company (NIOC), which is now studying the plan. NIOC held a committee meeting of its advisors in reservoir management to consider the proposal on Monday, January 29, 2018. NIOC has said the German company plans to materialize Iran's production goals from the field in a sustainable manner." (January 29, 2018)

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"Wintershall, Germany’s largest oil and gas company is looking to invest in Iran as the country opens up for foreign investment following decades of sanctions over its controversial nuclear enrichment programme. Mario Mehren, chairman of Wintershall said they signed a memorandum of understanding with Iran in April this year to look into certain assets but they are yet to bid for any project. “Iran is very interesting for us. There is a lot of onshore oil. We have not seen yet the commercial framework related to petroleum contracts,” said Mehren addressing a press conference during Adipec." (Gulf News, "German oil company Wintershall plans to invest in Iran," 11/8/2016).

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"Wintershall is Germany's largest internationally active crude oil and natural gas producer." The company is a wholly-owned subsidiary of the German chemical group BASF. (Wintershall Website, "Company," accessed 12/9/15)

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"'Termination of sanctions will turn the world's attention to Iran,' Uwe Salge, Germany's Wintershall's new Middle East general manager, said. Underscoring the fact that the world is in dire need of natural gas as a clean source of energy, he said Iran can play a key role in supplying the much-needed energy as it holds an estimated 34 trillion cubic meters of gas, the world's largest proven reserves." (Financial Tribune, "Foreign Investors Awaiting Sanctions Removal," 12/5/15)     
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Response: "BASF currently examines if and to what extent the U.S. re-imposition of sanctions affects BASF's busines in the region." (May 18, 2018); “Despite the website citation you mention in your letter, BASF has no current commercial relations with Intra Chem GmbH.” (12/18/2018) 

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“…Wintershall Holding GmbH is adhering to all applicable legal requirements and we assure you that the BASF Group has always explored business opportunities in a very prudent way, considering not only the legal risks and chances but also obligations stemming from our Code of Conduct…” (January 30, 2017)