Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
Weir design and manufacture highly-engineered products and services for minerals, oil and gas, and power industries;

UK-based Weir Process Group was awarded a contract, valued at £9 million, to supply pumping equipment for the Third Aromatics Project, Bandar Imam, Iran. The contract comprised API process pumps which were made by Begemann, at its plant in Venlo, The Netherlands. The Weir Process Group provided 148 end suction pumps, 38 in-between bearing pumps, 14 vertical long-shaft pumps, 14 small piston diaphragm pumps and spare parts;

According to Iranian Company Bahan Gostar Engineering Services official website, Weir is business partner with Iranian Company Bahan Gostar Engineering Services Company. Bahan Gostar Engineering Services Company is working in oil and gas sector in Iran. Oil and Gas Industry is controlled by the Iranian Regime and IRGC;

Despite U.S. sanctions on Iran regime for sponsoring terrorist organizations, building weapon of mass destruction, working on production of new ballistic missiles and threats to destroy other countries, Weir continues to work in Iran;

Also Known As:
Weir Group

Country:
United Kingdom

Address:
West Regent Street Glasgow G2 1RW United Kingdom

Phone:
+44 (0)141 637 7111

Website:
www.global.weir

E-mail:
contact-us@mail.weir

Reason for the color:
» Despite U.S. sanctions Weir continues to work with Iran;
» Bahan Gostar involved in sector controlled by IRGC;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.