IOEC consignee of an interdicted shipment of 2,528 packages of fiberglass reinforced plastic cable carriers, reportedly for re-shipment to Neka Novin Co., a company which is involved in procurement for Iran’s nuclear program

Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement.

Consignee of an interdicted shipment of 2,528 packages of fiberglass reinforced plastic cable carriers sent from India to Iran, reportedly for re-shipment to Neka Novin Co., a company which is
involved in procurement for Iran’s nuclear program.

Intended recipient of carbon steel flanges and fittings and stainless steel fittings, the procurement of which (through Azar Ab Industries Co.) was denied on October 25, 2006, by a member state of the
Nuclear Suppliers Group (NSG); intended recipient of stainless steel flanges and fittings, the procurement of which (through Azar Ab Industries Co.) was denied on May 24, 2006, by a member state of the NSG.

Installs and commissions industrial plants in the oil, gas and petrochemical sectors; services include projectfeasibility, economic, and environmental studies, project management and administration, engineering design, material and equipment inspection and testing, procurement supervision, construction management, and onshore and offshore drilling.

Has had projects completed by Iran Tablo Company (ITC), Tosse Silooha, and Tanootas Taban
Engineering and Construction Company (TEC).

Shares are held by National Iranian Oil Company (NIOC) and Oil Industry Pension Fund Investment Company; subsidiary companies include Oil & Energy Industries and Development (OEID), Kish Petroleum Engineering (KPE), Persia Oil & Gas Drilling Company (POGDC), Energy Industries’ Engineering & Design (EIED), and Oil Industries Commissioning and Operation (OICO); overseas branches, including OIEC Overseas Ltd. and OIEC Services UK Ltd. in the United Kingdom and OIEC Dubai in the United Arab Emirates, are engaged in procurement from foreign companies.

 

Private corporation, established in 1987; installs and commissions industrial plants, specifically in the oil, gas and petrochemical sectors; performs tasks including engineering, construction and procurement of materials from domestic and international sources; claims to have completed 150 projects.

As of January 2008, board members include Dr. Seyed Ahmad Mir Motahari (Chairman), Ali Hamidi (Managing Director), Rokneddin Javadi (Vice President & Projects Director), Mohammad Bagher Samiei Khansari (Finance Director), and Bamdad Motaghi (Human Resource & Logistics Director).

About 95 percent of its shares belong to the National Iranian Oil Company (NIOC) and Oil Industry’s Pension Fund; subsidiary companies include Oil & Energy Industries’ Engineering & Design (OIED), Kish Petroleum Engineering (KPE), Persia Oil & Gas Drilling Company (POGDC), and Energy Industries’ Engineering & Design (EIED); overseas “offices,” OIEC Overseas Ltd. in UK, OIEC Services UK Ltd., and OIEC, Dubai are engaged in procurement from foreign companies.

Reportedly part of a consortium, also including South Korea’s LG Engineering and Iranian Offshore Engineering and Construction Co. (IOEC), that was awarded a contract in 2002 to implement Phases 9 and 10 of Iran’s South Pars gas development project; intended recipient (along with consortium members LG and IOEC) of carbon steel flanges and fittings and stainless steel fittings, the procurement of which (through Azar Ab Industries Co.) was denied on October 25, 2006, by a member state of the Nuclear Suppliers Group (NSG); intended recipient (along with consortium members LG and IOEC) of stainless steel flanges and fittings, the procurement of which (through Azar Ab Industries Co.) was denied on May 24, 2006, by a member state of the NSG.

Source: / Iranwatch /

You May Be Interested