Latest news with #NationalIranianOilCompany
Al Arabiya
10-04-2025
- Business
- Al Arabiya
US targets Iran ‘shadow fleet' operations with more sanctions
The United States issued new sanctions targeting Iran's 'shadow fleet' on Thursday, citing one individual and India- and United Arab Emirates-based groups whose vessels have transported Iranian oil. The Treasury Department cited United Arab Emirates (UAE)-based Indian national Jugwinder Singh Brar, who owns shipping companies with a fleet of nearly 30 vessels. 'Brar's vessels engage in high-risk ship-to-ship (STS) transfers of Iranian petroleum in waters off Iraq, Iran, the UAE, and the Gulf of Oman,' the department said in a statement. The sanctions also target two UAE- and two India-based entities that own and operate Brar's vessels that have transported Iranian oil on behalf of the National Iranian Oil Company and the Iranian military, Treasury said in a statement. 'The Iranian regime relies on its network of unscrupulous shippers and brokers like Brar and his companies to enable its oil sales and finance its destabilizing activities,' said Treasury Secretary Scott Bessent. 'The United States remains focused on disrupting all elements of Iran's oil exports, particularly those who seek to profit from this trade.'
LBCI
24-02-2025
- Business
- LBCI
US imposes new sanctions on Iran's shadow fleet: Treasury Department
The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's "shadow fleet," the Treasury Department said. The sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and managers in India and China, the head of Iran's National Iranian Oil Company, and the Iranian Oil Terminals Company, Treasury said. The sanctioned vessels ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars, the department said in a statement. "Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities," said Treasury Secretary Scott Bessent. The sanctions build on those imposed by the Biden administration. Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any U.S. individuals or entities from doing any business with the targets and freezes any U.S.-held assets.
Voice of America
24-02-2025
- Business
- Voice of America
US imposes new sanctions on Iran's 'shadow fleet'
The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's "shadow fleet," the Treasury Department said. The sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and mangers in India and China, the head of Iran's National Iranian Oil Company, and the Iranian Oil Terminals Company, Treasury said. It said the vessels sanctioned ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars, the department said in a statement. "Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities," said Treasury Secretary Scott Bessent. The sanctions build on those imposed by the Biden administration. Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any U.S. individuals or entities from doing any business with the targets and freezes any U.S.-held assets.
Al Arabiya
24-02-2025
- Business
- Al Arabiya
US imposes new sanctions on Iran's shadow fleet
The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's 'shadow fleet,' the Treasury Department said. The sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and mangers in India and China, the head of Iran's National Iranian Oil Company, and the Iranian Oil Terminals Company, Treasury said. It said the vessels sanctioned ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars, the department said in a statement. 'Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities,' said Treasury Secretary Scott Bessent. The sanctions build on those imposed by the Biden administration. Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any US individuals or entities from doing any business with the targets and freezes any US-held assets.
Iraq Business
28-01-2025
- Business
- Iraq Business
$528m Development of Iranian Oilfields near Iraqi Border
By John Lee. Iran has reportedly launched a $528-million project to develop three oilfields near the Iraqi border. According to the state-owned Iranian PressTV , the fields are Sumar, Saman, and Delavaran, located in Kermanshah and Ilam provinces, part of the Naftshahr Operation Zone. The development, overseen by the National Iranian Oil Company (NIOC), aims to quintuple production from the fields to 20,000 barrels per day (bpd) within two years, supplying crude to the Kermanshah Refinery and creating local jobs. (Source: PressTV) Tags: borders, cg, featured, Iran, National Iranian Oil Company (NIOC)
