Government Operations:

Firms Reported to Have Commercial Activity in the Iranian Energy Sector and U.S. Government Contracts

GAO-10-639R: Published: May 4, 2010. Publicly Released: May 12, 2010.

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On March 23, 2010, we issued a report entitled Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors. Based on open sources, we identified 41 foreign firms as having commercial activity in these vital sectors of Iran's economy from 2005 to 2009. As you requested, this report identifies which of the 41 firms in our March 2010 report had contracts with the United States government from fiscal years 2005 to 2009. Our March 2010 report and this report are intended to support congressional consideration of U.S. sanctions against Iran, including proposed legislation to expand the Iran Sanctions Act (ISA).

From fiscal years 2005 through 2009, the U.S. government obligated almost $880 million in contracts to seven of the 41 firms identified in our March 2010 report. U.S. agencies obligated almost 90 percent of these funds for purchases of fuel and petroleum products overseas. According to FPDS-NG, the Department of Defense (DOD) obligated funds to (1) Repsol of Spain for the purchase of fuel for naval and aviation purposes; (2) Total of France for the purchase of fuel, including jet fuel, gasoline, and diesel; (3) Daelim Industrial Co. of South Korea for the construction of family housing at a U.S. Army base in South Korea; (4) ENI of Italy for the purchase of petroleum products; (5) PTT Exploration and Production of Thailand for the purchase of jet fuel and other petroleum products; (6) Hyundai Heavy Industries of South Korea for the purchase of power transformers; and (7) GS Engineering and Construction of South Korea (then known as LG Engineering and Construction) for the construction of office buildings in South Korea.

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