Arab Press

بالشعب و للشعب
Thursday, Dec 04, 2025

U.S. blacklists 11 companies for aiding Iran's export of petroleum

U.S. blacklists 11 companies for aiding Iran's export of petroleum

In a move to block Iran from a key revenue source, the Trump administration on Thursday blacklisted 11 foreign companies that aid Iran in the sale of its petroleum and petroleum products in violation of U.S. sanctions.
The Treasury sanctioned six companies based in Iran, the United Arab Emirates and China for supporting the sale and shipment of Iranian petrochemical products through hiding their place of origin -- Triliance Petrochemical, which was designated by the Treasury in January.

The Department of State sanctioned five Iranian, Chinese and UAE companies and three individuals who serve as principal executive officers at those entities, which the United States accuses of purchasing, acquisitioning, selling, transporting or marketing Iran's petroleum products.

The moves are the latest in the Trump administration's so-called extreme pressure campaign that began when President Donald Trump slapped sanctions against Iran and pulled the United States from an Obama era-nuclear accord aimed at preventing Tehran from acquiring a nuclear weapon in 2018.

The Treasury said Thursday that Iranian petrochemical sales are a key source of funds to the sanction-hobbled Iran and helps to finance its destabilizing activities and prop up regimes and terrorist groups throughout the Middle East and Venezuela where the United States has also been tightening its political and economic vises to oust its embattled president, Nicolas Maduro.

"The Iranian regime uses revenue from petrochemical sales to continue its financing of terrorism and destabilizing foreign agenda," said Treasury Secretary Steven Mnuchin.

"The Trump administration remains committed to targeting those contributing to Iran's attempts to evade U.S. sanctions by facilitating the illicit sale of Iranian petroleum products around the world."

Triliance was sanctioned early this year along with three other petrochemical and petroleum companies for transferring hundreds of millions of dollars' worth of exports from the National Iranian Oil Company, which supports Iran's Islamic Revolutionary Gaurd Corps -- an arm of the Iranian military that the State Department designated as a Foreign Terrorist organization in April of 2019.

The Treasury accuses Triliance of using front companies in the sale of petroleum products and the companies it sanctioned Thursday aid Iran in the export of those products.

Of the companies blacklisted, the Hong Kong-based Zagros Petrochemical Company was designated for agreeing to sell hundreds of thousands of metric tons of petrochemicals to Triliance, which used the UAE-based Petrotech to buy the products on its behalf and hide its involvement in the deal. Petrotech was also sanctioned Thursday.

The sanctions freeze all U.S. assets of those blacklisted and prohibit Americans from doing business with them or risk being sanctioned themselves.

The Treasury also sanctioned Trio Energy DMCC, Jingho Technology Co. Ltd., Dynapex Energy Ltd. and Dinrin Ltd. for their efforts to hide Triliance's involvement in petrochemical trades.

The State Department sanctioned Iran-based Abadan Refining Company, UAE-based Chemtrans Petrochemicals Trading LLC and China-based Zhihang Ship Management Co. Ltd., New Far International Logistics LLC and Sino Energy Shipping Ltd.

Min Shi of New Far, Zuoyou Lin of Sino Energy and Alireza Amin of Abadan were also blacklisted by the State Department.

"Our actions today reaffirm the United States' commitment to denying the Iranian regime the financial resources it needs to fuel terrorism and other destabilizing activities," U.S. Secretary of State Mike Pompeo said in a statement.

"We call on the regime yet again to stop undermining the Iranian people's prosperity by exploiting Iran's natural resources to sow chaos and destruction."
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
As Trump Deepens Ties with Saudi Arabia, Push for Israel Normalization Takes a Back Seat
Thai Food Village Debuts at Saudi Feast Food Festival 2025 Under Thai Commerce Minister Suphajee’s Lead
Saudi Arabia Sharpens Its Strategic Vision as Economic Transformation Enters New Phase
Saudi Arabia Projects $44 Billion Budget Shortfall in 2026 as Economy Rebalances
OPEC+ Unveils New Capacity-Based System to Anchor Future Oil Output Levels
Hong Kong Residents Mourn Victims as 1,500 People Relocated After Devastating Tower Fire
Saudi Arabia’s SAMAI Initiative Surpasses One-Million-Citizen Milestone in National AI Upskilling Drive
Saudi Arabia’s Specialty Coffee Market Set to Surge as Demand Soars and New Exhibition Drops in December
Saudi Arabia Moves to Open Two New Alcohol Stores for Foreigners Under Vision 2030 Reform
Saudi Arabia’s AI Ambitions Gain Momentum — but Water, Talent and Infrastructure Pose Major Hurdles
Tensions Surface in Trump-MBS Talks as Saudi Pushes Back on Israel Normalisation
Saudi Arabia Signals Major Maritime Crack-Down on Houthi Routes in Red Sea
Italy and Saudi Arabia Seal Over 20 Strategic Deals at Business Forum in Riyadh
COP30 Ends Without Fossil Fuel Phase-Out as US, Saudi Arabia and Russia Align in Obstruction Role
Saudi-Portuguese Economic Horizons Expand Through Strategic Business Council
DHL Commits $150 Million for Landmark Logistics Hub in Saudi Arabia
Saudi Aramco Weighs Disposals Amid $10 Billion-Plus Asset Sales Discussion
Trump Hosts Saudi Crown Prince for Major Defence and Investment Agreements
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Riyadh Metro Records Over One Hundred Million Journeys as Saudi Capital Accelerates Transit Era
Trump’s Grand Saudi Welcome Highlights U.S.–Riyadh Pivot as Israel Watches Warily
U.S. Set to Sell F-35 Jets to Saudi Arabia in Major Strategic Shift
Saudi Arabia Doubles Down on U.S. Partnership in Strategic Move
Saudi Arabia Charts Tech and Nuclear Leap Under Crown Prince’s U.S. Visit
Trump Elevates Saudi Arabia to Major Non-NATO Ally Amid Defense Deal
Trump Elevates Saudi Arabia to Major Non-NATO Ally as MBS Visit Yields Deepened Ties
Iran Appeals to Saudi Arabia to Mediate Restart of U.S. Nuclear Talks
Musk, Barra and Ford Join Trump in Lavish White House Dinner for Saudi Crown Prince
Lawmaker Seeks Declassification of ‘Shocking’ 2019 Call Between Trump and Saudi Crown Prince
US and Saudi Arabia Forge Strategic Defence Pact Featuring F-35 Sale and $1 Trillion Investment Pledge
Saudi Sovereign Wealth Fund Emerges as Key Contender in Warner Bros. Discovery Sale
Trump Secures Sweeping U.S.–Saudi Agreements on Jets, Technology and Massive Investment
Detroit CEOs Join White House Dinner as U.S.–Saudi Auto Deal Accelerates
Netanyahu Secures U.S. Assurance That Israel’s Qualitative Military Edge Will Remain Despite Saudi F-35 Deal
Ronaldo Joins Trump and Saudi Crown Prince’s Gala Amid U.S.–Gulf Tech and Investment Surge
U.S.–Saudi Investment Forum Sees U.S. Corporate Titans and Saudi Royalty Forge Billion-Dollar Ties
Elon Musk’s xAI to Deploy 500-Megawatt Saudi Data Centre with State-backed Partner HUMAIN
U.S. Clears Export of Advanced AI Chips to Saudi Arabia and UAE Amid Strategic Tech Partnership
xAI Selects Saudi Data-Centre as First Customer of Nvidia-Backed Humain Project
President Trump Hosts Saudi Crown Prince Mohammed bin Salman in Washington Amid Strategic Deal Talks
Saudi Crown Prince to Press Trump for Direct U.S. Role in Ending Sudan War
Trump Hosts Saudi Crown Prince: Five Key Takeaways from the White House Meeting
Trump Firmly Defends Saudi Crown Prince Over Khashoggi Murder Amid Washington Visit
Trump Backs Saudi Crown Prince Over Khashoggi Killing Amid White House Visit
Trump Publicly Defends Saudi Crown Prince Over Khashoggi Killing During Washington Visit
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
Saudi Arabia’s Solar Surge Signals Unlikely Shift in Global Oil Powerhouse
Saudi Crown Prince Receives Letter from Iranian President Ahead of U.S. Visit
Saudi Arabia’s Crown Prince Begins Washington Visit to Cement Long-Term U.S. Alliance
Saudi Crown Prince Meets Trump in Washington to Deepen Defence, AI and Nuclear Ties
×