Last Updated: October 22, 2026

NICE GIFT LIMITED

Nationality

Virgin Islands, British

Address

Room D, 10/F, Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Hong Kong, China; Road Town, Tortola, Virgin Islands, British

Reg. ID

IMO 6391672, Identification Number; 74281486, Business Registration Number

Official reason

The Hong Kong-flagged oil tanker MAGNOLIA (IMO 9258519), owned, operated, and managed by British Virgin Islands-based Nice Gift Limited, transported approximately two million barrels of Iranian crude oil to China in January 2026.

Sender

Other Information

https://home.treasury.gov/news/press-releases/sb0472

Date of listing

2026-04-24

Program information

Authority

Program

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

Regime

OFAC country specific

Target State

Iran

Measures

Blocking Property, Suspending Entry, Trade sanctions

Sanctions Portfolio

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

Official Information

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.

Additional Details

SDN

Program URL

https://ofac.treasury.gov/media/31406/download?inline

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