Export Credit Guarantees

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

Volume 460: debated on Wednesday 23 May 2007