The United States is taking further action to disrupt sanctions evasion efforts involving the sale of Iranian petroleum and petrochemical products. Specifically, the Department of the Treasury is imposing sanctions on companies based in multiple jurisdictions for their involvement in petrochemical sales involving previously designated entities, including Persian Gulf Petrochemical Industries Commercial Co., Triliance Petrochemical Co. Ltd., the National Iranian Oil Company, and Naftiran Intertrade Company.
The entities targeted today have purchased or enabled Iranian petrochemical and petroleum sales and transferred funds to benefit Iran’s petrochemical sector. These designations are being taken pursuant to Executive Order 13846, which authorizes the imposition of sanctions with respect to trade in Iranian petroleum, petroleum products, and petrochemical products.
The United States is committed to enforcing our sanctions against Iran, including those related to the petroleum and petrochemical trade. Anyone involved in facilitating these sales and transactions risks exposure to U.S. sanctions.
For more information on today’s action, please see the Department of the Treasury’s press release.