Sanctioning Entities Buying and selling in Iranian Petroleum and Petrochemicals

Today, the Department of State is sanctioning roughly 40 people, entities, and vessels to stem the stream of income that the Iranian regime makes use of to assist terrorism overseas.  These targets have been concerned within the commerce of Iranian petroleum and petrochemical merchandise that generate a whole lot of thousands and thousands of {dollars} of income for the Iranian regime.  The designations embody among the largest consumers of Iranian petrochemical merchandise by quantity and worth, in addition to the management of the businesses concerned within the commerce.   

The Iranian regime continues to gas battle within the Middle East and fund its destabilizing actions.  This habits permits Iran’s skill to fund its nuclear program, assist terrorist teams, and disrupt commerce and freedom of navigation in waterways essential to world prosperity and financial progress.  The United States will proceed to take motion towards the community of terminal operators, port brokers, shippers, brokers, and repair suppliers concerned within the commerce of Iranian crude oil, petroleum merchandise, and petrochemical merchandise. 

The Department of the Treasury is concurrently sanctioning roughly 60 people, entities, and vessels for his or her roles in facilitating the cargo of oil and liquified petroleum gasoline (LPG) from Iran to abroad finish customers.  For extra details about Treasury’s actions, please see Treasury’s Press Releases. 

All Department of State targets are being designated pursuant to Executive Order (E.O.) 13846, which authorizes and reimposes sure sanctions with respect to Iran. 

Targeting of Iran’s Petrochemical Networks 

Iran’s petrochemical trade and exports are a important sector of the Iranian economic system that has grown lately to generate billions of {dollars} in illicit funds for Iran’s destabilizing actions.  Like the regime’s illicit oil exports, Iranian petrochemical merchandise are ceaselessly transshipped by means of intermediaries in third nations to obfuscate their origin.  Today’s motion targets these intermediaries, in addition to the consumers of Iranian petrochemical merchandise.  It additionally contains the primary China-based terminal that the United States has designated for receiving Iranian-origin petrochemical merchandise.   

JIANGYIN FOREVERSUN CHEMICAL LOGISTICS CO., LTD. (FOREVERSUN) is a China-based operator of a petrochemical terminal positioned in Jiangyin, China.  On February 2, 2025, FOREVERSUN facilitated the port name and discharge of Iranian-origin petrochemical merchandise from U.S.-designated vessel SUNRISE (IMO: 9615092), which is linked to the U.S.-designated NATIONAL IRANIAN TANKER COMPANY. FOREVERSUN has obtained not less than 5 discharges of Iranian-origin petrochemical merchandise from SUNRISE and an additional 5 discharges from different vessels transporting Iranian-origin liquid petrochemical merchandise since August 2023.  

FOREVERSUN is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.    

HENGYANG PETROCHEMICAL LOGISTICS LIMITED (HENGYANG) is a Singaporean registered however China-based petrochemical logistics and storage service supplier.  HENGYANG owns and controls FOREVERSUN, which serves as its precept working entity.  

HENGYANG is being designated pursuant to part 3(a)(v) of E.O. 13846 for proudly owning or controlling FOREVERSUN, with information that FOREVERSUN engaged within the actions referred to in part 3(a)(iii) of E.O. 13846. 

GU WENLONG is a Chinese nationwide and the Chief Executive Officer and Chairman of FOREVERSUN and the Chief Executive Officer and Executive Director of HENGYANG. 

GU WENLONG is being blocked pursuant to part 5(a)(vii) of E.O. 13846 as a principal government officer or particular person performing related features and with related authorities, of FOREVERSUN. 

Targeting Importers and Exporters of Iranian Petrochemical Products 

These sellers, consumers, and management of buying and selling corporations, throughout a number of jurisdictions, are being designated for his or her ties to Iran’s petrochemical merchandise commerce. 

DINA PETROKIMYA SANAYI TICARET ANONIM SIRKETI (DINA PETROKIMYA) is a Türkiye-based petrochemical buying and selling firm that imported roughly $400,000 price of Iranian-origin petrochemical merchandise from a number of corporations, together with U.S.-designated JAM PETROCHEMICAL COMPANY, between January and September 2024.  These shipments included merchandise equivalent to polyethylene. 

DINA PETROKIMYA is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

C. J. SHAH AND CO. (C. J. SHAH) is an India-based petrochemical buying and selling firm that imported roughly $44 million price of Iranian-origin petrochemical merchandise from a number of corporations, together with U.S.-designated ALSEERAH TRADING LLC, between January 2024 and January 2025.  These shipments included merchandise equivalent to toluene. 

C. J. SHAH is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

CHEMOVICK PRIVATE LIMITED (CHEMOVICK) is an India-based petrochemical buying and selling firm in India that imported greater than $7 million price of Iranian-origin petrochemical merchandise from U.S.-designated SOLVENT ORGANICS FZE between 2024 and 2025.  PIYUSH MAGANLAL JAVIYA is a Director of CHEMOVICK.  

CHEMOVICK is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

PIYUSH MAGANLAL JAVIYA is being blocked pursuant to part 5(a)(vii) of E.O. 13846 as a principal government officer, or particular person performing related features and with related authorities, of CHEMOVICK.  

YESIL BASAK TARIM SANAYI VE TICARET LIMITED SIRKETI (YESIL BASAK) is a Türkiye-based firm that imported roughly $840,000 price of Iranian-origin petrochemical merchandise from Iran-based KERMANSHAH PETROCHEMICAL INDUSTRIES CO. between February and March 2024.  These shipments included merchandise equivalent to urea. 

YESIL BASAK is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.    

KERMANSHAH PETROCHEMICAL INDUSTRIES CO. (KERMANSHAH PETROCHEMICAL) is an Iran-based petrochemical buying and selling firm that exported roughly $840,000 price of Iranian-origin petrochemical merchandise to YESIL BASAK between February and March 2024.  These shipments included merchandise equivalent to urea. 

KERMANSHAH PETROCHEMICAL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.    

B Okay SALES CORPORATION (B Okay SALES) is an India-based petrochemical buying and selling firm that imported roughly $235 million price of Iranian-origin petrochemical merchandise from a number of corporations, together with GOLDEN INTERNATIONAL FZE, between January 2024 and February 2025.  These shipments included merchandise equivalent to methanol. 

B Okay SALES is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.    

GOLDEN INTERNATIONAL FZE (GOLDEN INTERNATIONAL) is a United Arab Emirates-based firm that exported Iranian-origin petrochemical merchandise to B Okay SALES between September 2024 and February 2025.  These shipments included merchandise equivalent to methanol. 

GOLDEN INTERNATIONAL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.    

MIKROTEKNIK KIMYEVI MADDELER LABORATUVAR MALZEMELERI VE CIHAZLARI SANAYI TICARET LIMITED SIRKETI (MIKROTEKNIK) is a Türkiye-based chemical firm that imported roughly $3 million price of Iranian-origin merchandise, together with petrochemical merchandise, from a number of corporations, together with SOFT AIR GENERAL TRADING L.L.C and U.S.-designated MARUN PETROCHEMICAL COMPANY, into Türkiye in only a nine-month interval.  

AYKUT YAVRUCU (AYKUT) is a Turkish nationwide and the corporate supervisor of MIKROTEKNIK. 

SOFT AIR GENERAL TRADING L.L.C (SOFT AIR) is a United Arab Emirates-based firm that exported Iranian-origin petrochemical merchandise to Türkiye-based MIKROTEKNIK.  

MIKROTEKNIK and SOFT AIR are being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.   

AYKUT YAVRUCU is being blocked pursuant to part 5(a)(vii) of E.O. 13846 for as a principal government officer, or particular person performing related features and with related authorities, of MIKROTEKNIK. 

ABY PLASTIK AMBALAJ VE ENERJI SANAYI TICARET ANONIM SIRKETI (ABY PLASTIK) is a Türkiye-based chemical substances firm that imported Iranian-origin petrochemical merchandise valued at over $16 million from a number of Iran-based corporations, together with U.S.-designated ARYA SASOL POLYMER COMPANY and BAKHTAR COMMERCIAL COMPANY between January and September 2024. 

ABY PLASTIK is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

MODY CHEM is an India-based firm that imported Iranian-origin petrochemical merchandise from a number of corporations.  These shipments totaled roughly $49 million and had been primarily composed of bulk shipments of methanol between January 2024 and February 2025. 

MODY CHEM is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

CHEMIX TRADING L.L.C (CHEMIX) is a United Arab Emirates-based firm that exported Iranian-origin petrochemical merchandise valued at roughly $9 million to MODY CHEM between August 2024 and February 2025.  

CHEMIX is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  PAARICHEM RESOURCES LLP (PAARICHEM) is an India-based petrochemical buying and selling firm that imported over $2 million price of Iranian-origin petrochemical merchandise from a number of corporations, together with U.S.-designated SHIVNANI ORGANICS FZE, between May and November 2024.  These shipments included merchandise equivalent to toluene. 

PAARICHEM is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

INDISOL MARKETING PRIVATE LIMITED (INDISOL) is an India-based petrochemical buying and selling firm that imported roughly $74 million price of Iranian-origin petrochemical merchandise from U.S.-designated SOLVENT ORGANICS FZE, between January and December 2024.  These shipments included merchandise equivalent to methanol. 

NITI UNMESH BHATT (BHATT) is an Indian nationwide and director of INDISOL.  BHATT can also be the 100% shareholder of INDISOL.  

INDISOL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

BHATT is being blocked pursuant to part 5(a)(vii) of E.O. 13846 as a principal government officer, or particular person performing related features and with related authorities, of INDISOL. 

HARESH PETROCHEM PRIVATE LIMITED (HARESH PETROCHEM) is an India-based petrochemical buying and selling firm that imported roughly $10 million price of Iranian-origin petrochemical merchandise from a number of corporations, together with U.S.-designated SOLVENT ORGANICS FZE and ALSEERAH TRADING L.L.C, between January 2024 and February 2025.  These shipments included merchandise equivalent to methanol. 

KAMLA KANAYALAL KASAT (KAMLA KASAT), KUNAL KANAYALAL KASAT (KUNAL KASAT), and POONAM KUNAL KASAT (POONAM KASAT) are Indian nationals and administrators of HARESH PETROCHEM.  They are additionally shareholders of HARESH PETROCHEM.  

HARESH PETROCHEM is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

KAMLA KASAT, KUNAL KASAT, and POONAM KASAT are being blocked pursuant to part 5(a)(vii) of E.O. 13846 as principal government officers, or individuals performing related features and with related authorities, of HARESH PETROCHEM. 

ERBIUM TRADING L.L.C is a United Arab Emirates-based firm that exported Iranian-origin petrochemical merchandise valued at roughly $65 million to a number of corporations based mostly in India between January and October 2024.   

ERBIUM TRADING L.L.C is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

SHIV TEXCHEM LIMITED is an India-based petrochemical buying and selling firm that imported Iranian-origin petrochemical merchandise from a number of United Arab Emirates-based corporations, together with the U.S. designated SHIVNANI ORGANICS FZE. These shipments totaled roughly $2 million.   

SHIV TEXCHEM LIMITED is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

Ongoing Targeting of Iran’s Shadow Fleet 

These vessel administration corporations have been concerned within the commerce of Iranian petroleum and petrochemical merchandise.  The vessels managed by these entities have moved thousands and thousands of barrels of Iranian crude oil, petroleum merchandise, and petrochemical merchandise and play a key function within the Iranian export provide chain.  They have additionally usually engaged in darkish exercise and different misleading delivery practices, endangering different vessels and commerce flows.  DIMOND TOWN SHIPPING COMPANY (DIMOND) engaged in a big transaction for the transportation of Iranian petrochemical merchandise when PK MARIT (IMO 9235464), a vessel commercially managed by DIMOND, loaded Iranian methanol in Iran in November 2022.  PK MARIT additionally loaded Iranian petroleum merchandise in March 2023.  DIMOND’s different vessels listed beneath have usually carried out darkish exercise for the commerce of Iranian cargo: 

• TRIMA (IMO: 9252072) is a Cook Islands flagged chemical/merchandise tanker 
• PK PHOENIX (IMO: 9326902) is a Panama flagged, chemical/merchandise tanker 
• HAI LONG BRAVO (IMO: 9312353) is a Panama flagged, normal cargo tanker 

DIMOND is being designated pursuant to part 3(a)(iii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

TRIMA, PK MARIT, PK PHOENIX, and HAI LONG BRAVO are being recognized as property by which DIMOND has an curiosity.   TETHIS SHIPPING CO (TETHIS) engaged in a big transaction for the transportation of Iranian petroleum merchandise when WORLD COURAGE (IMO 9289740), a vessel commercially managed by TETHIS, loaded Iranian naphtha in Iran in January 2022.  WORLD COURAGE additionally loaded Iranian origin petrochemical merchandise in May 2023.  TETHIS’ vessels listed beneath have usually carried out darkish exercise for the commerce of Iranian cargo: 

• LOANNA (IMO: 9251884) is a Palau flagged, chemical/merchandise tanker 
• WORLD PROGRESS (IMO: 9300996) is a Cook Islands flagged, chemical/merchandise tanker 
• WORLD PERFORMANCE (IMO: 9301005) is a Cook Islands flagged, chemical/merchandise tanker 
• TETHIS 7 (IMO: 9251896) is a Palau flagged, chemical/merchandise tanker 
• THANASIS (IMO: 9239989) is a Palau flagged, chemical/merchandise tanker 

TETHIS is being designated pursuant to part 3(a)(ii) of E.O. 13846 for on or after November 5, 2018, knowingly participating in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran.  

WORLD COURAGE, LOANNA, WORLD PROGRESS, WORLD PERFORMANCE, TETHIS 7, and THANASIS are being recognized as property by which TETHIS has an curiosity. 

SANCTIONS IMPLICATIONS  

As a results of as we speak’s motion, all property and pursuits in property of the sanctioned individuals described above which are within the United States or in possession or management of U.S. individuals are blocked and have to be reported to the Department of Treasury’s Office of Foreign Assets Control (OFAC).  Additionally, all entities which are owned, both immediately or not directly, 50 % or extra by a number of blocked individuals are additionally blocked.  

All transactions by U.S. individuals or inside (or transiting) the United States that contain any property or pursuits in property of designated or in any other case blocked individuals are prohibited until approved by a normal or particular license issued by OFAC or exempt.  These prohibitions embody the making of any contribution or provision of funds, items, or companies by, to, or for the good thing about any blocked particular person and the receipt of any contribution or provision of funds, items, or companies from any such particular person.  

The energy and integrity of U.S. authorities sanctions derive not solely from the U.S. authorities’s skill to designate and add individuals to the Specially Designated Nationals and Blocked Persons (SDN) List, but additionally from its willingness to take away individuals from the SDN List according to the legislation.  The final purpose of sanctions is to not punish, however to deliver a couple of constructive change in habits.  

Petitions for elimination from the SDN List could also be despatched to: [email protected].  Petitioners can also confer with the Department of State’s Delisting Guidance web page.