Notable investments into Iran by U.S. allies

1. FRANCE

Total oil

50% stake in an investment of approximately $4.8 billion for the

development of an offshore gas field.

Peugeot-

Citroen auto

Expected to invest up to $450 million over the next five years in

manufacturing and research.

Vinci SA construction

Signed a contract to invest in development of two Iranian

airports.

Renault

Group auto Finalized a contract for a joint venture with Iranian carmakers.

Airbus aircraft Deal underway to sell over 100 aircraft to Iran.

ATR aircraft Sold 20 passenger planes in $1 billion deal.

Accor hotels

Opened two hotels at the Imam Khomeini International Airport

in 2015.

Aeroports

de Paris airport authority

Plans to assist in construction of new terminal at Imam

Khomeini Airport.

Bouygues conglomerate

Plans to assist in construction of new terminal at Imam

Khomeini Airport.

Air France-

KLM airline Resumed flights to Tehran.

Air Liquide

industrial

gases/services Negotiating construction of a polypropylene production plant.

Alstom rail

Signed a contract with the Iranian government to start talks on

the development of railroads.

Bureau

Veritas auto Expanding its services to automotive industries in Iran.

Credit

Agricole bank Second largest bank in France to conduct business in Iran.

Eutelsat satellite-provider

Cooperating with the Iranian Space Agency to provide satellite

coverage for local enterprises.

L'Oreal cosmetics

*While cosmetics were not barred from entering Iran under the

sanctions regime, restrictions on banking transactions made it

hard to do business there. Now operations are expanding.

Michelin tires Reentering market since sanctions relief.

Orange telecom Ongoing efforts to negotiate entry into Iran’s market.

Valeo

automotive

components Deal to produce automobile parts in Iran.

2. GERMANY

Bosch

automotive

components Deal to produce automobile parts in Iran.

Mitsubishi Germany auto Modernizing a gas-fired plant in Iran.

Keller HCW construction Operating in Iran.

Siemens AG

industrial

manufacturing

Signed a memorandum of understanding to provide

$1.6 billion in transportation equipment and

services to Iran.

Daimler auto Operating in Iran.

Volkswagen auto Operating in Iran

Mercedes-Benz auto

Signed a deal with Iran Khodro to import heavy-

duty vehicles.

Audi auto

Ramak Khodro collaborating with Audi to promote

auto sales.

BASF chemical producer

World's biggest chemical producer opened an office

in Tehran.

Bayer

pharmaceuticals,

chemicals

Present in Iran prior to sanctions and set to reenter

Iran

BMW auto Operating in Iran.

Deutsche Post DHL rail

Assisting with the launch of multiple rail corridors

to Europe.

Deutsche Bank bank Facilitating oil transactions again.

Euler Hermes insurance

Interested in covering investments in Iran,

especially in energy and electricity sectors.

MAN (subsidiary of

Volkswagen)

mechanical

engineering

Plans to become one of the top three automotive

companies specialized in commercial vehicles in

Iran’s market.

Munich Re insurance

World's largest reinsurance company signed

contract with Saman Insurance Company.

3. United Kingdom

Quercus solar Investing $600 million in Iran Solar Project.

WPP communications

World's largest communications services group signs

exclusive deal with Iran marketing group.

Vodafone telecom

Agreement with Iranian HiWeb to allow British

company access to the Iranian market.

Steamship Mutual insurance

Iranian ships receive protection and indemnity coverage

previously denied by sanctions.

Rolls Royce auto

Plans to provide engines for Airbus aircraft Iran has

bought.

International

Airlines Group air cargo

Launched six flights per week between Tehran and

London.

Petrofac oil Reopening office in Iran.

4. SOUTH KOREA

Woori Bank banking

First presence of a South Korean lender in Iran since

1962.

Korea Export–

Import Bank banking To provide €8 billion for Iranian projects.

Korea Trade

Insurance

Corporation insurance To guarantee up to €5 billion of potential losses.

Hyundai

Engineering Co

industrial

manufacturing Signed deal for a $3.2 billion petrochemical project.

Hyundai Motors auto

Signed agreement to start production of the Elantra

model vehicle in Iran.

LG Group electronics

Will develop key parts, including engines and batteries

for EVs.

Samsung electronics

Opened largest sales center in Tehran and one of the only

major international brands to offer fully comprehensive

servicing and guarantees in the country.

Daelim Industrial

Co construction

Party to deal w/ Hyundai and Chiyoda for oil refinery

construction.

Chiyoda construction

Party to deal w/ Hyundai and Daelim for oil refinery

construction.

5. JAPAN

Bank of Tokyo-

Mitsubishi UFJ banking

Japan’s largest bank has resumed transactions with

Iranian banks.

Itochu Corporation trading

Second largest general trading company in Japan

active in Iran.

Mitsubishi’s FUSO

Truck and Bus

Corporation auto

Expanding their market in Iran with local Mayan

Group

Mitsubishi Motors auto

Plans to introduce a plug-in-hybrid version of its

Outlander SUV to the Iranian market.

Suzuki auto

Plans to launch and later assemble at least three new

models for the Iranian market.

Nissan (Datsun brand) auto

KCO is set to sign a partnership deal before the end of

the current fiscal [March 2018].

Bridgestone tires

World's largest tire and rubber company is moving

back into Iran.

Hitachi

industrial

machinery

Signed a preliminary agreement to supply advanced

equipment and technology for the Persian Gulf Bid

Boland Gas Refinery project.

Honda auto Importing new Honda crossover model to Iran.

Inpex oil

Opened negotiations with the National Iranian Oil

Company to develop Azadegan Oilfield in

southwestern Iran.

Isuzu auto Launched new pickup truck into Iranian market.

6. INDIA

Oil and Natural Gas Corp.

Ltd.’s oil

Expected to sign a deal on developing Farzad-B Gas Field

in the Persian Gulf.

Oil India oil

Expected to sign a deal on developing Farzad-B Gas Field

in the Persian Gulf.

Indian Oil Corporation oil

Expected to sign a deal on developing Farzad-B Gas Field

in the Persian Gulf

State Bank of India banking Iran to reactivate its accounts with Indian banks.

*In 2016, India imported approximately 473,000 barrels per day of oil from Iran which was

twice as much as in 2015.

___________________________________________________________________________

Links to sources by country and company

France

Peugeot-Citroen

AP News https://financialtribune.com/articles/domestic-economy/44183/major-deals-signed-in-

iran-after-nuclear-accord

Vinci SA-

Vinci

https://www.vinci.com/vinci.nsf/en/press-releases/pages/20160128-1745.htm

Renault Group

Reuters

https://www.reuters.com/article/us-renault-iran/renault-forms-new-joint-venture-company-in-

iran-idUSKBN1AN12L

Airbus

The New York Times

https://www.nytimes.com/2016/12/22/world/middleeast/iran-airbus-boeing-deal.html

ATR

Wall Street Journal

https://www.wsj.com/articles/airbus-joint-venture-seals-iran-air-jet-order-1492075424

Accor

The Guardian

https://www.theguardian.com/world/2015/sep/16/french-hotel-iran-tourists-ibis-novotel-tehran

Aeroports de Paris

Financial Tribune

https://financialtribune.com/articles/economy-business-and-markets/63333/french-firm-signs-

contract-to-develop-2-iranian-airports

Bouygues

Financial Tribue

https://financialtribune.com/articles/economy-business-and-markets/63333/french-firm-signs-

contract-to-develop-2-iranian-airports

Air France-KLM

International Business Times

http://www.ibtimes.com/europe-travel-update-after-iran-deal-air-france-resumes-flights-paris-

tehran-2355184

Air Liquide

Tasnim News Agency

https://www.tasnimnews.com/en/news/2017/08/12/1489213/iran-s-npc-france-s-air-liquide-sign-

deal-over-mtp-plant

Alstom

Bloomberg

https://www.bloomberg.com/news/articles/2017-08-21/billions-pledged-can-help-iran-counter-

any-trump-assault-on-deal

Bureau Veritas

Bureau Veritas Group

http://www.bureauveritas.com/home/worldwide-locations/middle_east/iran/

Credit Agricole-Take off

Eutelsat

Space Watch Middle East

https://spacewatchme.com/2016/10/eutelsat-seeks-build-communications-satellite-iran/

L'Oreal

Financial Tribune

https://financialtribune.com/articles/economy-domestic-economy/35592/cosmetics-companies-

testing-waters-in-iran

Michelin

Financial Tribune

https://financialtribune.com/articles/economy-business-and-markets/44261/iran-tire-market-

forecast-to-grow-at-12-cagr-by-2021

Orange

Reuters

https://www.reuters.com/article/us-orange-iran/frances-orange-says-in-talks-with-irans-mci-on-

potential-cooperation-idUSKCN1162X4

Valeo

Trade Arabia

http://www.tradearabia.com/news/IND_329161.html

German

Bosch

Reuters

http://in.reuters.com/article/bosch-iran-autos/car-parts-maker-bosch-to-open-business-hire-staff-

in-iran-idINL5N18620E

Mitsubishi Germany

Hurriyet Daily News

http://www.hurriyetdailynews.com/german-firms-sign-contracts-in-iran-on-trade-

mission.aspx?pageID=517&nID=104541&NewsCatID=344

Keller HCW

Hurriyet Daily News

http://www.hurriyetdailynews.com/german-firms-sign-contracts-in-iran-on-trade-

mission.aspx?pageID=517&nID=104541&NewsCatID=344

Siemens AG

AP News

https://www.apnews.com/a5b954923f2c4795aeee3bcf7c8174ff

Daimler

Reuters

https://www.reuters.com/article/us-daimler-iran-trucks/truck-maker-daimler-signs-agreement-to-

return-to-iran-idUSKCN0UW1MZ

Volkswagen

Volkswagen Media Services

https://www.volkswagen-media-services.com/en/detailpage/-/detail/Volkswagen-starts-

automotive-business-in-

Iran/view/5265302/45a4101b27b51012062139737fdb7052?p_p_auth=IuLw7NZv

Mercedes-Benz

Reuters

https://www.reuters.com/article/us-iran-autos-mercedes/mercedes-benz-trucks-signs-contract-

with-iran-khodro-idUSKCN1BN26G

Audi

Reuters

https://www.reuters.com/article/us-iran-nuclear-usa-irgc/iran-hardliners-pragmatists-show-unity-

in-response-to-trump-idUSKBN1CF0R0

BASF

Reuters

https://www.reuters.com/article/us-basf-results-iran/basf-says-iran-investment-in-limbo-amid-

uncertainty-over-sanctions-idUSKBN16319H

Bayer

Financial Tribune

https://financialtribune.com/articles/economy-domestic-economy/25854/german-businesses-at-

forefront-of-european-rush-to-iran

BMW

Financial Tribune

https://financialtribune.com/articles/economy-auto/65318/new-bmw-model-for-iran

Deutsche Post DHL

DHL Freight Connections

http://dhl-freight-connections.com/en/bridge-to-iran/

Deutsche Bank-Take off

Euler Hermes

Financial Tribune

https://financialtribune.com/articles/economy-business-and-markets/67207/germany-s-hermes-

offers-to-cover-iran-energy-projects

MAN (subsidiary of Volkswagen)

Algemeiner

https://www.algemeiner.com/2017/08/20/german-engineering-giant-owned-by-volkswagen-

eager-to-re-enter-iranian-market/

Munich Re

Reinsurance News

https://www.reinsurancene.ws/munich-re-first-foreign-reinsurer-announce-iran-deal-removal-

sanctions/

South Korea

Woori Bank

Bloomberg

https://www.bloomberg.com/news/articles/2016-11-01/three-foreign-banks-to-open-in-iran-

central-bank-official-says

Korea Export–Import Bank

Global Trade Review

https://www.gtreview.com/news/mena/more-korean-money-piles-into-iranian-oil/

Korea Trade Insurance Corporation

The Korea Times

http://www.koreatimes.co.kr/www/news/biz/2016/02/488_198121.html

Hyundai Engineering Co

Reuters

https://www.reuters.com/article/us-iran-southkorea-hyundai/koreas-hyundai-engineering-in-3-2-

billion-iran-deal-awaiting-funding-idUSKBN16J0PP

Hyundai Motors

The Investor

http://www.theinvestor.co.kr/view.php?ud=20170314000514

LG Group

Yonhap News

http://english.yonhapnews.co.kr/full/2016/05/13/90/1200000000AEN20160513003000320F.htm

l

Samsung

Samsung Newsroom

https://news.samsung.com/global/samsung-opens-samsung-aut-tech-center-in-iran-in-

partnership-with-the-amirkabir-university-of-technology

Daelim Industrial Co

Business Korea

http://www.businesskorea.co.kr/english/news/industry/16898-iranian-oil-refinery-facility-

daelim-industrial-wins-2b-construction-deal-iran

Chiyoda

Financial Tribune

https://financialtribune.com/articles/international-energy/68299/iran-signs-3b-refinery-

agreement-with-asian-consortium

Japan

Bank of Tokyo-Mitsubishi UFJ

Tasnim News

https://www.tasnimnews.com/en/news/2016/02/10/996911/japan-s-btmu-resumes-transactions-

with-iranian-banks

Itochu Corporation

Iran Business News

http://www.iran-bn.com/tag/itochu/

Mitsubishi’s FUSO Truck and Bus Corporation

Fuso

http://www.mitsubishi-fuso.com/oa/en/press/160126/160126.html

Mitsubishi Motors

Nikkei Asian Review

https://asia.nikkei.com/Business/Companies/Mitsubishi-Motors-to-take-plug-in-hybrid-SUV-to-

Iran

Suzuki

Finance Tribune

https://financialtribune.com/articles/economy-auto/38767/suzuki-plans-3-vehicles-for-iranian-

market

Nissan (Datsun brand)

Press TV

http://www.presstv.com/Detail/2017/08/30/533426/Iran-automotive-cars-Japan-Nissan-Datsun

Bridgestone

The New York Times

http://www.nytimes.com/interactive/2010/03/06/world/iran-sanctions.html

Hitachi

Financial Tribune

https://financialtribune.com/articles/energy/67788/hitachi-signs-deal-to-supply-gas-technology

Honda

Financial Tribune

https://financialtribune.com/articles/auto/67405/honda-hr-v-heading-for-iran-market

Inpex

The Japan Times

https://www.japantimes.co.jp/news/2017/08/17/business/inpex-eyes-bid-irans-azadegan-oil-

project/

Isuzu

Financial Tribune

https://financialtribune.com/articles/economy-auto/42394/isuzu-pickup-launched

Oil and Natural Gas Corp. Ltd.’s

The Economic Times

http://economictimes.indiatimes.com/industry/energy/oil-gas/india-gives-iran-11-billion-best-

offer-on-farzad-b-gas-field/articleshow/59421577.cms

Oil India

The Economic Times

http://economictimes.indiatimes.com/industry/energy/oil-gas/india-gives-iran-11-billion-best-

offer-on-farzad-b-gas-field/articleshow/59421577.cms

Indian Oil Corporation

The Economic Times

http://economictimes.indiatimes.com/industry/energy/oil-gas/india-gives-iran-11-billion-best-

offer-on-farzad-b-gas-field/articleshow/59421577.cms

State Bank of India

The Economic Times

http://economictimes.indiatimes.com/news/economy/foreign-trade/iran-to-india-reactivate-bank-

accounts-with-indian-banks-allow-iranian-banks-to-open-branches/articleshow/50902189.cms

Quercus

Reuters

https://www.reuters.com/article/us-iran-funds-solar/renewables-investor-quercus-plans-500-

million-euro-plus-iran-solar-project-idUSKCN1BV0L1

WPP

WPP

http://www.wpp.com/wpp/investor/financialnews/2016/nov/08/wpp-signs-exclusive-affiliation-

agreement-with-ppg-the-leading-digital-marketing-group-in-iran/

Vodafone

Vodafone

http://www.vodafone.com/content/index/media/vodafone-group-releases/2016/hiweb-iran.html

Steamship Mutual

Insurance Marine News

https://insurancemarinenews.com/insurance-marine-news/pi-restored-iranian-vessels-steamship-

mutual/

Rolls Royce

Rolls Royce

https://www.rolls-royce.com/media/press-releases/yr-2016/22-12-2016-rr-welcomes-iran-air-

deal.aspx

International Airlines Group

Financial Tribune

https://financialtribune.com/articles/domestic-economy/48979/iag-cargo-starts-london-tehran-

service

Petrofac

Reuters

http://uk.reuters.com/article/uk-petrofac-iran/oil-services-company-petrofac-to-reopen-iran-

office-idUKKCN0VX1NT

European Investment Bank

The Guardian

https://www.theguardian.com/world/2017/oct/06/europes-business-heads-aim-to-keep-iran-

nuclear-deal-despite-us-threat