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Bow Valley

Canada

 

Date: April 1999 – Unclear

Deal: According to the U.S. Energy Administration, Iran awarded Bow Valley a 15 percent stake in the development of the offshore Balal oil field in April 1999 (U.S. Energy Information Administration, August 2004). According to Canada Newswire, in 2007, Bow Valley reported a loss from its Balal investment (Canada Newswire, August 14, 2007).

According to Dana Petroleum, Bow Valley was purchased by Dana Petroleum (E&P) Ltd. in 2009 (Dana Petroleum Press Release, February 16, 2009). Dana Petroleum does not list any business interests in Iran.

U.S. Business Ties: According to USASpending.gov, Bow Valley Energy has not received any federal government contracts or grants in the last 10 years (USASpending.gov, accessed June 22, 2010).

Last Updated: July 7, 2014