Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network, which is collectively responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets. Emamjomeh’s expansive network includes a vessel, the TINOS I, which intended but failed to load cargo in 2024 off the coast of Houston, Texas. In addition to crude oil, LPG continues to be a major source of revenue for the Iranian regime, the proceeds of which fund Iran’s nuclear and advanced conventional weapons programs, as well as regional proxy groups and partners such as Hizballah, the Houthis, and Hamas. For more than a decade, Iran-based Seyed Asadoollah Emamjomeh (Emamjomeh) and his son, United Arab Emirates (UAE)-based British and Iranian national Meisam Emamjomeh (Meisam), have owned and operated an LPG sales, transportation, and delivery network using multiple Iran and UAE-based companies. Emamjomeh and his UAE-based company, Caspian Petrochemical FZE (Caspian Petrochemical) are part of a network that has exported thousands of shipments of LPG from Iran to Pakistan and have conducted tens of millions of dollars in business on behalf of Persian Gulf Petrochemical Industry Commercial Co. (PGPICC). Until recently, Emamjomeh was also the owner of UAE-based Pearl Petrochemical FZE, before passing ownership to Meisam in October 2024. Pearl is the beneficial owner of the TINOS I (IMO 9969821), a Very Large Gas Carrier that attempted to load LPG from the United States in June 2024 for sale to China. Meisam acts as director and chief executive officer (CEO) of United Kingdom-based Worldwide LPG Limited, while also serving on the board of directors of many of Emamjomeh’s Iran-based companies. Emamjomeh also owns or controls nine additional LPG companies in Iran, including, reportedly, one company with a monopoly on the National Iranian Gas Company’s LPG deliveries. His companies include: Parsa Fidar Paydar Engineering and Technology Company, Nilgon Parsa Caspian Shipping Company, Arsa Gas Company, Pasar Gas Company, Petro Parsa Caspian Iranian Company, Pasar Gas Novin Trading Company, Parsa Salakh Qeshm Industrial Complex, Parsa Trabar Caspian International Transportation Company, and Parsa Trabar Persia International Transportation Company. Emamjomeh is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy. Caspian Petrochemical FZE, Parsa Fidar Paydar Engineering and Technology Company, Nilgon Parsa Caspian Shipping Company, Arsa Gas Company, Pasar Gas Company, Petro Parsa Caspian Iranian Company, Pasar Gas Novin Trading Company, Parsa Salakh Qeshm Industrial Complex, Parsa Trabar Caspian International Transportation Company, and Parsa Trabar Persia International Transportation Company are being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Emamjomeh.
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.
