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Technip

Technip

Industry: 
Engineering
Symbol: 
EPA:TEC
States: 
CA
TX
Country: 
France
Sources: 

"Vice-President Ethylene Product Line of French energy engineering firm Technip Jean-Paul Laugier said on Monday that the time has come for investment in the petrochemical sector, especially ethylene, of Iran. Speaking to IRNA on the sidelines of the 12th annual international Iran Petrochemical Forum (IPF 2015), Laugier said the Middle East, especially Iran, were the points that ethylene industry started to develop worldwide. He said besides Iran, Qatar is another Middle Eastern country to be able to use ethane for ethylene production. He said Iran is in suitable condition in ethylene production as far as potential feedstock capacity is concerned and Technip can be active in various projects relating to the industry. He added that Iran has used French technology in two projects, namely Aryasasol Polymer Company and Jam Petrochemical Co. in Assalouyeh. IPF 2015 started in Tehran on Sunday as the country is seeking to attract more investments in its petrochemical sector after the termination of anti-Iran sanctions... Representatives of a total number of 465 companies, including 368 local and 97 foreign companies from 25 world countries have attended the two-day forum." (Islamic Republic News Agency, “Technip says time is ripe for investment in Iran petchem industry,” 12/14/2015)

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"The conference, dubbed 'Tehran Summit: Iran Oil and Gas Projects and Domestic Capacities,' was also attended by 137 companies and oil majors, including Repsol, BP, Royal Dutch Shell, Total, Technip, Schlumberger, Eni, Enel, Rosneft, Lukoil, Gazprom, Inpex, Statoil and Daewoo." (Press TV, “Iran to host international petrochemical conference in two weeks,” 12/1/2015)

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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)

Response: 

No response at this time.