US Intensifies Pressure on Iranian Oil Trade with New Sanctions
The United States government announced significant new sanctions on Thursday aimed at curbing Iran’s illicit petroleum trade. In a coordinated action, the Department of State and the Department of the Treasury targeted shipping and aviation networks accused of facilitating these sales. According to officials, the primary objective is to sever the financial lifelines that allow […]
US sanctions six Indian firms for buying Iranian petroleum products
The United States has imposed sanctions on six Indian companies for allegedly engaging in significant transactions involving Iranian-origin petrochemical products. “The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. Today, the United States is taking action to stem the flow of revenue that the regime uses to support […]
NPA to sanction non-compliant oil marketing companies
The acting Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo, has reaffirmed the Authority’s commitment to ensuring compliance with the rules and procedures governing operations in the country’s downstream petroleum industry. He stated that while the NPA would bring a human face to the law, sanctions would be enforced against industry players […]
US imposes sanctions on Chinese refinery accused of buying Iranian oil
The sanctioned refinery in China’s Shandong province received dozens of shipments of crude oil from Iran worth more than $1 billion, the Trump administration said. Officials also announced that several companies and vessels involved in the shipments were added to the sanctions list. The new penalties were imposed by the Office of Foreign Assets Control […]
Iranian Petroleum Minister is in sanctioned people list
The US Treasury Secretary, in announcing sanctions on Iran, said that Iran continues to use revenues from its vast oil resources to ‘advance its narrow and alarming interests’. The US Treasury Department on Thursday announced that it sanctioned the Iranian petroleum minister: “The Department of the Treasury’s Office of Foreign Assets Control is designating Iran’s […]