Imposing Sanctions on Entities for Engaging in transactions to Iran’s Petroleum and Petrochemical
The Department of State imposed sanctions on five entities under section 3(a)(ii) of Executive Order (E.O.) 13846 for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran. The Department of State also imposed sanctions under section 5(a)(vii) of E.O. 13846 on three individuals who serve as principal executive officers of the sanctioned entities or perform similar functions and with similar authorities as a principal executive officer.
