INFORMATION] Independent Director, PTT Exploration and Production Public Company Limited (UID 1417780). PTT signed a 25-year contract for the exploration and development of the Saveh block natural gas field in Iran (gao.gov report) and listed an office in Iran (pttep.com). [IRAN ECONOMIC INTEREST - ENERGY] The below explanation is meant to be interpreted as a whole. [ACTIVITY DESCRIPTION] Parties included under the Energy Activity have been identified in the public domain as having direct or indirect involvement in aspects of Iran's energy sector. Expanded Iran sanctions relate to economic involvement in aspects of Iran's energy sector. These parties may or may not be violating any Iran sanctions. Their activity may, however, warrant further due diligence, based on its possible relevance to Iran sanctions. § The types of economic interest covered under the Energy Activity include the production or provisioning of goods, services, technology, information or support for Iran's petroleum or natural gas production, as well as the refining of petroleum products or involvement in Iran's electric power industry. Energy Activity may also cover economic involvement in the import or export of petroleum, natural gas or refined petroleum products to or from Iran. [UNDERSTANDING IRAN SANCTIONS] Expanded international sanctions against Iran target specific types of trade and industry. Due to the complexity of sanctions, added levels of due diligence are therefore warranted on parties identified to have a direct or indirect economic interest in these activities. Ordinary best practice dictates that organizations know with whom they are doing business. Sanctions stipulate that an organization will be held accountable for what it should have known about the Iran-related interests of its counterparties. The onus is therefore on the organization to proactively conduct due diligence and know what information is available in the public domain on its counterparties. The Iran Economic Interest Database helps users meet this obligation. § The role of World-Check's Iran Economic Interest Database is limited to informing clients of entities that have been identified in the public domain as possibly having some kind of direct or indirect economic involvement with the activities or an industry sector now being targeted by Iran sanctions