State, OFAC Issue New Sanctions for Involvement in Iran’s Petroleum Industry
The State Department sanctioned five entities and three individuals for taking part in Iran's petroleum industry, Secretary of State Michael Pompeo said in a Sept. 3 news release. “The entities sanctioned today are Iran-based Abadan Refining Company; China based Zhihang Ship Management CO Ltd., New Far International Logistics LLC and Sino Energy Shipping Ltd.; and United Arab Emirates (UAE) based Chemtrans Petrochemicals Trading LLC,” it said. “The individuals sanctioned today are: Min Shi, employee of New Far; Zuoyou Lin, employee of Sino Energy; and Alireza Amin, employee of Abadan.”
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The Office of Foreign Assets Control designated six entities for their support to Triliance Petrochemical Co. Ltd. (see 2001230040) on the same day, OFAC said. “These entities, based in Iran, UAE, and China, support Triliance’s continued involvement in the sale of Iranian petrochemical products, including efforts by Triliance to hide or otherwise obscure its involvement in sales contracts.”