§8518 Reports on Investments in the Energy Sector of Iran

Summary

The President must send Congress a report within 90 days after July 1, 2010 that covers energy investments involving Iran made from January 1, 2006 through the date 60 days after July 1, 2010. The report must estimate how much energy-related material (not refined petroleum), including ethanol, Iran imported in that period. It must list major known energy joint ventures, investments, and partnerships outside Iran that include Iranian partners and name the foreign partners. For each one, the report must give an estimate of the total value and the percent owned by the Iranian partner. Then, no later than 180 days after that first report and every 180 days after each report, the President must send updates. Each update covers the 180 days that begin 30 days before the previous report’s due date. Updates must include the same information as above and also report volumes of crude oil and refined products Iran imported and exported (including swaps), who sold and transported those products, the countries that have primary authority over those sellers, where the products were refined, how those imports were financed, and any foreign involvement in boosting Iran’s oil and gas production or in upgrading, converting, maintaining, expanding, or building refineries.