Koc Holding

In 2016 Tennessee used the South Carolina list of "Entities Ineligible to Contract with the State of South Carolina or any Political Subdivision of the State per the Iran Divestment Act of 2014, S.C. Code Ann." as its list of persons it determines engage in investment activities in Iran. KOC Holdings was included on this list in 2016. "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list." (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/cpo-library/public-information-library/List%20of%20persons%20pursuant%20to%20Tenn.%20Code%20Ann.%2012-12-106%20Iran%20Divestment%20Act.pdf)

On June 30, 2020, the Mississippi Department of Finance & Administration identified Koc Holding as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”  (https://www.dfa.ms.gov/media/10012/businesses-doing-business-with-iran-12.docx)

In 2015 KOC Holding was removed from Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because the company's "involvement in purchases of crude oil falls under the waivers granted by the U.S. government that meet Section (a)(2) of Act 44's expiration clause."

"The United States has pressed Turkey to follow up on a 20 percent cut in oil purchases from Iran with a further cut in six months time to help persuade Iran to quit stalling in talks over its nuclear program, a U.S. diplomat said on Tuesday. The diplomat said Washington granted Turkey a 180-day exception from financial sanctions as a result of the initial cut made by Tupras, Turkey's sole refiner and a unit of Koc Holding." (Reuters,"U.S. presses Turkey to cut more Iranian oil imports," 6/12/12)  (http://www.unitedagainstnucleariran.com/company/tupras) (http://www.reuters.com/article/2012/06/12/us-usa-iran-sanctions-turkey-idUSBRE85B13L20120612)

Turkish energy firm Tupras is a subsidiary of Koc Holding. (http://www.unitedagainstnucleariran.com/company/tupras)

In 2014, KOC Holding was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because its the parent of a scrutinized company. (https://www.patreasury.gov/pdf/divestment/2014-Annual-Divestment-Report-print.pdf)

In 2017 the U.S. state of Mississippi, South Carolina and Tennessee listed KOC as an Iran restricted company rendering KOC ineligible for investment and/or state contracting. (http://www.dfa.ms.gov/media/4100/companies-posted.pdf) (https://procurement.sc.gov/files/Iran_divestment_122017.pdf) (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/cpo-library/public-information-library/List_of_persons_pursuant_to_Tenn._Code_Ann._12-12-106_Iran_Divestment_Act_updated_7.7.17.pdf)