National iranian oil company eu sanctions
BRUSSELS, Oct 16 (Reuters) - European Union governments imposed sanctions on Tuesday against major Iranian state companies in the oil and gas industry, and strengthened restrictions on the central The Department of State is imposing sanctions on Chinese company Shandong Qiwangda Petrochemical Co. Ltd., Hong Kong-based Triliance Petrochemical, and Hong Kong entity Jiaxiang Industry Hong Kong Limited for knowingly engaging in a significant transaction for the purchase, acquisition, sale, or transport of petrochemical products from Iran, pursuant to Executive Order (E.O.) 13846. Cause for Continuing Concern--National Iranian Oil Company. The language above seems to give the U.S. and the E.U. the right to retain current non-nuclear sanctions and impose additional non-nuclear sanctions in the future. It is less clear that the Iranian leadership reads the agreement in this way, although it may. National Iranian Oil Company (NIOC), Naftiran Intertrade Company (NICO), and National Iranian Tanker Company (NITC) will be directly impacted by the sanctions together with the Islamic Republic of Iran Shipping Lines (IRISL), South Shipping Line Iran, or their affiliates. Iranian energy and financial sectors are also being targeted by the In its efforts to evade sanctions, the Government of Iran relies on front companies, financial institutions and businessmen willing to engage in deceptive transactions to conceal the direct involvement of the Iranian Government and its instrumentalities such as the National Iranian Oil Company (NIOC) and the Naftiran Intertrade Company (NICO) Sarl in global oil deals. Posts about National Iranian Oil Company written by Douglas McNabb, Attorney at Law and will also assist persons and entities around the world in complying with U.S. and international sanctions, including the European Union’s prohibition on the import of Iranian oil that went into effect on July 1, 2012. MODAFL, Naftiran Intertrade
21 Dec 2012 Having regard to Council Regulation (EU) No 267/2012 of Subsidiary of the National Iranian Oil UN and EU sanctions on Iran and is It is a front company controlled by EU-designated. NIOC. NIOC set up Petro Suisse as
18 Sep 2018 "Many international oil and gas companies hoped that things were add to a poor track record for European countries in Iran's oil and gas sector. says Fereydoun Barkeshli, former advisor to National Iranian Oil Company. The parties to the HOA are NIOC, Total E&P South Pars S.A.S. (a wholly owned of the Rhum facilities), which were permitted by EU sanctions regulations. 7 Aug 2018 The EU has responded to the latest US sanctions by updating a 'blocking statute' aimed at protecting European companies from penalties 18 Jan 2016 The former, which has been struck from U.S. and E.U. blacklists, calls itself the procurement arm for the National Iranian Oil Company. 8 May 2018 Most importantly, European and Asian countries that buy Iran's oil an expert formerly of the Iranian national oil company and now head of 1 Feb 2018 Iran's economy has diversified since the imposition of sanctions, signed a 20- year contract with the National Iranian Oil Company (NIOC) to develop a from India and European countries, which reached 811,000 bpd and
31 Jul 2015 The European Union has removed two Iranian oil companies from its sanctions list in the first such action since Iran's nuclear deal. because of the larger stakes they had in parent group National Iranian Oil Company.
10 Dec 2018 Company officials include Bijan Zanganeh (board chairman) and Roknoddin Javadi (CEO); established in 1951. Sanctions. Designated on March 15 Oct 2012 European Union governments imposed sanctions on Tuesday against Justifying the decision, EU governments said that both NIOC and NITC 31 Jul 2015 The European Union has removed two Iranian oil companies from its sanctions list in the first such action since Iran's nuclear deal. because of the larger stakes they had in parent group National Iranian Oil Company. Council Implementing Regulation (EU) No 945/2012 of 15 October 2012 Regulation (EU) No 267/2012 concerning restrictive measures against Iran. Council 21 Dec 2012 Having regard to Council Regulation (EU) No 267/2012 of Subsidiary of the National Iranian Oil UN and EU sanctions on Iran and is It is a front company controlled by EU-designated. NIOC. NIOC set up Petro Suisse as 24 Jan 2020 EU Divestment in Concert with Reimposition of U.S. Sanctions . days of enactment (by September 24, 2012) whether NIOC and NITC are Both EU and non-EU companies which are involved in the oil and gas and petrochemical sectors need to be particularly mindful, as the latest restrictions may
7 Aug 2018 The EU has responded to the latest US sanctions by updating a 'blocking statute' aimed at protecting European companies from penalties
An EU ban on the import and transport of Iranian oil as well as on theprovision of insurance for ships carrying Iranian oil has been in force sinceJuly 1. Iran's oil exports have also been affected by US financial sanctions inforce since June 28, with Washington having given waivers to Tehran's topcustomers in Asia in return for "significant" cuts in imports of Iranian oil.
There have been a number of sanctions against Iran imposed by a number of countries, The new sanctions targeted the Iranian national bank. On 23 January 2012, the EU agreed to an oil embargo on Iran, effective from Following reports of covert Israeli-Iranian trade and after the US sanctioned an Israeli company for
BRUSSELS (Reuters) - European Union governments imposed sanctions on Tuesday against major Iranian state companies in the oil and gas industry, and strengthened restrictions on the central bank, cranking up financial pressure over Tehran’s nuclear program.
24 Mar 2016 58 “The National Iranian Oil Company (NIOC) have requested that the Iran Oil & Gas Post Sanctions Summit should not take place in London on 18 Jan 2017 Despite the easing of sanctions, NITC tankers reportedly faced restrictions in berthing at European oil terminals until recently and foreign 28 Oct 2009 Partly as a result, Iran's oil production has remained relatively steady at about national measures undertaken by European and some Asian countries. requires the President to sanction companies (entities, persons) that 10 Dec 2018 A particular headache faced by the UK oil and gas industry relates to the EU Blocking Regulation, which prohibits EU companies from complying 5 Jul 2019 says tanker transporting crude oil to Syria in breach of EU sanctions, John Bolton, White House national security adviser, applauded the 5 National Iranian Oil Company EU Court judgments September 28th, 2015 | Maya Lester QC The General Court of the EU has just given a number of judgments on the 2012 listing of several entities on the EU’s Iran sanctions lists, on the grounds of alleged connections with the National Iranian Oil Company (NIOC).