Wintershall

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

Info:
Wintershall is Germany’s largest internationally active crude oil and natural gas producer. The company explore and produce oil and gas in Europe, North Africa, South America, Russia, and the Middle East;

The company has been active for over 85 years and have a workforce in excess of about 2,000 employees from more than 50 nationalities;

As a wholly owned subsidiary of the chemical group BASF in Ludwigshafen, Wintershall base its success on its technical know-how and strong international partnerships;

Wintershall Holding GmbH has signed a memorandum of understanding (MOU) with the National Iranian Oil Company (NIOC);

Noting that Wintershall is also keen to cooperate with NIOC in research and development (R&D), Kardor said in future the two companies may collaborate in this filed as well;

Germany’s biggest oil and gas company Wintershall said it is studying a plan to collaborate with Russia’s energy giant Gazprom on projects in Iran;

According to reports Wintershall despite U.S. sanctions, continues to work with the Iranian regime;

Established:
1894

Industry:
Oil Industry

Also Known As:
Wintershall Holding GmbH

Country:
Germany

Address:
Friedrich-Ebert-Str. 160 34119 Kassel Germany

Phone:
+49 561 301-0

Website:
www.wintershall.com

Person of interest:
Dr. Ties Tiessen (Chief of Finance and Member of the Board of Executive Directors)

Reason for the color:
» Wintershall has signed a memorandum of understanding (MOU) with the National Iranian Oil Company (NIOC). Also, Wintershall has mentioned it is interested in developments in Iran;
» Despite U.S. sanctions, Wintershall from Germany continues to work with Iran;

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