OFAC Sanctions Iranian Gas Network
The Office of Foreign Assets Control sanctioned Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network April 22, saying they shipped hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets, which generated revenue for Iran’s nuclear and ballistic missile programs and terrorism proxies.
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OFAC also sanctioned Emamjomeh’s son, United Arab Emirates-based British and Iranian national Meisam Emamjomeh, a key player in his father's LPG sales, transportation and delivery network.
OFAC designated 12 companies linked to the two men: Arsa Gas Co., Caspian Petrochemical FZE, Nilgon Parsa Caspian Shipping Co., Parsa Fidar Paydar Engineering and Technology Co., Parsa Salakh Qeshm Industrial Complex, Parsa Trabar Caspian International Transportation Co., Parsa Trabar Persia International Transportation Co., Pasar Gas Co., Pasar Gas Novin Trading Co., Pearl Petrochemical FZE, Petro Parsa Caspian Iranian Co. and Worldwide LPG Ltd. The TINOS I, a Panama-flagged LPG tanker linked to Pearl Petrochemical FZE, also was designated.
The Treasury Department said the sanctions are part of the Trump administration's maximum pressure campaign against Iran (see 2502050020).