Mohsen PAKNEJAD

Iran

1966-06-12

Central Tehran, Tehran, Iran

Male

Tehran, Iran

0045865914, National ID No.; 762, Birth Certificate Number

Executive

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iran’s Minister of Petroleum, Mohsen Paknejad, who oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions of dollars’ worth of oil to Iran’s armed forces for export. Mohsen Paknejad (Paknejad) serves as Iran’s Minister of Petroleum and has overseen the Ministry of Petroleum since his appointment in August 2024. Iran’s Minister of Petroleum oversees Iran’s National Iranian Oil Company (NIOC) and is responsible for all aspects of Iran’s oil industry, which generates tens of billions of dollars annually for the regime. Under his leadership, Iran’s Ministry of Petroleum has allocated billions of dollars’ worth of Iranian oil to the Iranian armed forces, including the Islamic Revolutionary Guard Corps and the Iranian Law Enforcement Forces, both critical instruments in the regime’s tools of oppression. Some 200,000 barrels of Iranian crude oil are allocated to the Iranian armed forces daily to supplement their budget.

US

Subject to Secondary Sanctions

https://home.treasury.gov/news/press-releases/sb0049

2025-03-13

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.

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