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Iran: Export Credit Guarantees

Volume 686: debated on Tuesday 7 November 2006

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.[HL7746]

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