Iran: Export Credit Guarantees

House of Lords written question – answered on 7th November 2006.

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Photo of Lord Hanningfield Lord Hanningfield Deputy Chief Whip, Whips, Shadow Minister, Transport, Shadow Minister, Communities and Local Government

asked Her Majesty's Government:

How many export credit guarantees have been granted to British firms involved in activities in Iran in each of the last 10 years; and, in each case, what was (a) the name of the company to which the export credit guarantee was granted; and (b) the nature of the company's business.

Photo of Lord Sainsbury of Turville Lord Sainsbury of Turville Parliamentary Under-Secretary, Department of Trade and Industry, Parliamentary Under-Secretary (Trade and Industry) (Science and Innovation)

In the past 10 years, the Export Credits Guarantee Department has provided support in respect of business with Iran on 43 cases.

It is the ECGD's policy not to disclose details of insurance policies it provides, or the fact of having provided insurance, where it considers the disclosure of such information might increase the likelihood of discriminatory default by the bodies whose payment obligations the ECGD is insuring (because the commercial interests of the ECGD and the UK economy would be prejudiced by such a default). Neither does the ECGD disclose such details where it is aware that the commercial interests of certain exporters are likely to be prejudiced by such a disclosure. Pursuant to this policy, 15 insurance policies, which have been issued in respect of business with Iran in the past 10 years, are not included in the table below.

Year Name of exporter company Nature of company's business
2001 Skanska Construction Uk Ltd Provision of project management services for the construction of a coal mine
2002 Air Products Plc Air separation plant
Snamprogetti Ltd Design, supply and construction of a carbon monoxide plant
Shell Research Ltd Monoethylene glycol plant
2003 Brackett Green Ltd Design, manufacture and supervised installation of mechanical screening equipment for water intake project
Snamprogetti Ltd Styrene monomer plant
Cri Catalyst Company Uk Ltd Plant for Bandar Assaloueh (NPC) petrochemical project
Pipeline Tube And Casing Ltd Pipeline: pipes, fittings for petrochemical project
Johnson Matthey Plc Chemical catalysts for petrochemical project
Spx Cooling Technologies Uk Ltd Cooling tower design for petrochemical project
Pipeline Tube And Casing Ltd Carbon steel pipes for petrochemical project
Motivair Compressors Ltd Air compressors
Ele Advanced Technologies Ltd Machining of turbine blades
Pcc Sterling Ltd Crude oil heaters
Alderley Systems Ltd Supply of hydrocarbon liquid, custody metering packages for petrochemical project
2004 Shell Research Ltd Monoethylene plant
Alderley Systems Ltd Supply of hydrocarbon liquid, custody metering packages for petrochemical project
Man Ltd Supply of mechanical, piping and electrical equipment for oil and gas project
Doncasters Middle East Ltd Turbine blade technology
Spx Cooling Technologies Uk Ltd Cooling tower design
Salzgitter Mannesmann (Uk) Ltd Supply of steel and steel-related products for oil and gas project
Capital Valves Ltd Hydrogen peroxide plant
Capital Valves Ltd Valves for CO2 gathering plant
Capital Valves Ltd Valves for CO2 gathering plant
2005 Sembcorp Simon-Carves Ltd Design, supply and commissioning of a low-density polyethylene plant
Brackett Green Ltd Mechanical screening equipment
Alderley Systems Ltd Hydrocarbon metering
2006 Sembcorp Simon-Carves Ltd Design and supply of equipment and construction of a polystyrene plant

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