US sanctions network to sell Iran’s oil to China and East Asia


The United States sanctioned an international network of companies on Wednesday for violating oil sanctions against Iran by selling Iran’s oil to China and other countries in East Asia.

Ministry of Finance Said in the release It has imposed sanctions on companies accused of promoting the sale of hundreds of millions of dollars in Iran’s petroleum and petrochemical products.

Department said Sanctioned individuals and groups “Using the web of a Gulf-based front company,” concealed the origins of Iran’s oil.

On the same day, the Department of State Announced that it has imposed parallel sanctions About 15 individuals and groups “engaged in the illegal sale and shipment” of Iran’s petroleum and petrochemical products.

The entities are located in Iran, Vietnam, Singapore, United Arab Emirates, and Hong Kong. Among them are Iran-based Jam Petrochemical Company, UAE-based Edgar Commercial Solutions FZE and AliAlmutawa Petroleum and Petrochemical Trading LLC, and Hong Kong-based front company Lustro Industry Limited.

For the past two years, Chinese refineries have purchased large amounts of Iran’s oil, despite US sanctions on Iran’s oil exports. Oil is the lifeblood of Iran’s economy, and Chinese imports have helped bring it to light.

The United States will also target Iran’s petrochemical producers and front companies in China and the Arab Emirates to support Hong Kong-based Triliance Petrochemical Co. Ltd. and Iran’s petrochemical commercial companies in mid-June. I have imposed sanctions. ..

These two are “entities that help mediate the sale of Iran’s petrochemicals abroad.” Said at that time..

Iran Oil Facility
A state of an oil facility on Haak Island in the Gulf on March 12, 2017. (Atta Kenare / AFP via Getty Images)

Iran’s nuclear negotiations with no progress

The United States is increasingly targeting Chinese companies over Iran’s petrochemical exports amid a failed attempt to revive Iran’s nuclear trade in 2015, formally known as the Joint Comprehensive Plan of Action (JCPOA). ing. Last week, Iran’s indirect nuclear negotiations in Doha, Qatar, ended without progress.

“The United States has promised to reach an agreement with Iran calling for a mutual return to compliance with the Joint Comprehensive Plan of Action, but continues to implement sanctions on Iran’s sale of petroleum and petrochemicals. Use all authorities, “said Nelson, Deputy Secretary of Finance for Brian Terrorism and Financial Intelligence. statement July 6th.

Secretary of State Antony Blinken said on July 6 that Iran had “failed” to show its diplomatic commitment to review the 2015 nuclear deal.

“Unless there is a diversion from Iran, we will continue to use sanctions authorities to target the export of petroleum, petroleum products, and petrochemicals from Iran,” he says. Said In the statement.

JCPOA has called on Iran to limit its nuclear program in exchange for lifting economic sanctions from the United States, the EU and the United Nations.The contract is Promotion By President Barack Obama in 2015 as the “best option” to prevent Iran from using nuclear weapons, even temporarily.

In May 2018, President Donald Trump imposes sanctions on Iran to withdraw the United States from the nuclear deal and force Iran’s Islamic administration to reform a series of activities it deems unacceptable. Did.

In 2019, the Iranian government publicly stated that it violated the uranium enrichment restrictions set by the agreement.

The United States recognizes Iran as a state sponsor of terrorism and has long criticized Iran for funding Islamic terrorist groups such as Hamas, Hezbollah, and the Houthi. The Iranian government has insisted that the United States remove the “terrorism” designation of the Islamic Revolutionary Guard Corps in exchange for the resurrected nuclear deal, the Epoch Times reported in April.

Reuters contributed to this report.

Mimi Nguyen Lee


Mimi Nguyen Ly focuses on world news, with a focus on US news. She is based in Australia. Contact her at [email protected]