Arab and international
Iranian oil
US sanctions on Iran
2020-10-30 10:52
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Shafaq News / On Friday, the US administration imposed new sanctions on Iranian companies operating in the fields of oil and petrochemicals.
A statement issued by the US State Department said that the United States had imposed sanctions on Aria Sasol Polymer Company, Penrin Ltd. and Bakhtar Trading Company.
The US administration has also imposed sanctions on other companies, such as the Kavian Petrochemical Company, and the Strait Shipbrokers Pte Ltd, under Article 3 of Executive Order 13846.
These companies, based in Iran, China and Singapore, were knowingly involved in the process of purchasing, acquiring, selling, transporting or marketing oil products from Iran.
And the Ministry of Foreign Affairs imposed other sanctions on a number of personalities, such as, Amir Hussein Bahraini, Lin Na Wai, Murtaza Mustafa Munir Bisaray, Hussain Firuzi Arani, and Ramazan Ouladi, as the chief executives of the aforementioned entities.
These personalities had performed similar tasks, and wielded similar powers as the CEO.
In addition, the Office of Foreign Assets Control (OFAC) of the US Treasury has listed eight entities due to their involvement in the sale and mediation of Iranian petrochemical products and purchase of Trilliance Petrochemical Company Ltd., a US entity listed on the sanctions list under Executive Order 13846.
The Ministry of Justice announced that it had submitted a complaint to the confiscation of shipments of Iranian missiles that were confiscated by the US Navy on their way from the Iranian Revolutionary Guard to militant groups in Yemen.
The US Navy had previously seized about 1.1 million barrels of Iranian oil, which the United States had seized from four foreign oil tankers bound for Venezuela.
