OFAC Sanctions UAE Companies for Buying Iranian Oil
The Treasury’s Office of Foreign Assets Control sanctioned five United Arab Emirates companies for buying Iranian oil, Treasury said in a March 19 press release. The companies bought “hundreds of thousands” of metric tons of petroleum products from the National…
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Iranian Oil Company, which was sanctioned by OFAC in 2008. The companies include Petro Grand FZE, Alphabet International DMCC, Swissol Trade DMCC, Alam Althrwa General Trading LLC and Alwaneo LLC Co.