United Arab Emirates

FDBC0145, Compass Building, Al Shohada Road, Al Hamra Industrial Zone-FZ, Ras Al Khaimah, United Arab Emirates

5020562, Registration Number

Iran relies on brokers outside of Iran to facilitate the sale and transport of its crude oil to end users abroad, largely in the UAE and PRC. UAE-based Petroquimico FZE has purchased tens of millions of dollars’ worth of petroleum products from NIOC. In November 2024, Petroquimico FZE used the Barbados-flagged CASINOVA, which is also known as YING GE, (IMO: 9280366), owned, managed, and operated by Liberia-based Le Monde Marine Services Limited, to transport over 200,000 barrels of Iranian oil to the UAE. Petroquimico FZE, Petronix Energy, and Le Monde Marine Services Limited are being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy.

https://home.treasury.gov/news/press-releases/sb0026

2025-02-24

US

Executive Order 13902 of January 10, 2020 Imposing Sanctions With Respect to Additional Sectors of Iran

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

E.O. 13902 imposes sanctions with respect to any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in the construction, mining, manufacturing, and textiles sectors of the Iranian economy, and any additional sectors of the Iranian economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. On October 8, 2020, the Secretary of the Treasury identified the financial sector of the Iranian economy for additional sanctions under E.O. 13902. Iranian and non-Iranian persons operating in these sectors could be subject to sanctions pursuant to E.O. 13902.

SDN