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Export Credit Guarantees

Volume 460: debated on Wednesday 23 May 2007

To ask the Secretary of State for Trade and Industry how many UK export credit guarantees were issued by the Export Credits Guarantee Department on contracts with the National Iranian Oil Company in each of the last five years; and what the value was of each guarantee. (137474)

ECGD has provided support for contracts with National Iranian Oil Company (NIOC) in the last five years. National Petrochemical Company (NPC) is a subsidiary of NIOC and figures in the table detail NIOC and NPC contracts supported by ECGD:

Number of NIOC contracts supported by ECGD

Number of NPC subsidiary contracts supported by ECGD

Total number of contracts supported, including NPC subsidiary contracts

Value of NIOC contracts supported by ECGD (£)

Value of NPC subsidiary contracts supported by ECGD (£)

Total value of contracts supported, including NPC subsidiary contracts (£)

2002

0

1

1

0

23,546,882

23,546,882

2003

2

9

11

545,399

62,684,231

63,229,630

2004

3

2

5

62,425,531

9,307,097

71,732,628

2005

0

2

2

0

109,164,215

109,164,215

2006

0

0

0

0

0

0