Iranian Entity: Novin Energy Company
| Entity Name: |
| Novin Energy Company |
| Also Known As: |
| Noveen Energy Company Energy Novin Pars Novin New Energy Company |
| Program: |
| Nuclear |
| Address: |
| - End of North Karegar Avenue, Tehran, Iran - Seyyed Jamal Aldin Assadabadi Avenue, 15th street, Number 33, Tehran, Iran |
| Text: |
| Operates within the Atomic Energy Organization of Iran (AEOI - see separate entity record) and has transferred funds on behalf of AEOI to entities associated with Iran's nuclear program; listed by the British government in 2008 as an entity of potential concern for WMD-related procurement; listed by the Japanese government in 2008 as an entity of concern for proliferation related to nuclear weapons; listed in an annex to U.N. Security Council resolution 1747 of March 24, 2007, as an entity involved in Iran's nuclear or ballistic missile activities; with some exceptions, the designation requires states to freeze the financial assets on their territories which are owned or controlled by the entity, by its agents, or by entities it controls; the designation also requires states to ensure that funds, financial assets or economic resources are prevented from being made available by their nationals or by any persons or entities within their territories, to or for the benefit of the entity; listed by the European Union on April 21, 2007, pursuant to U.N. Security Council resolution 1747, as an entity whose funds and economic resources, and those it owns, holds or controls, must be frozen by E.U. member states, with some exceptions, and within their jurisdiction; E.U. member states must also ensure that funds or economic resources are not made available to or for the benefit of the listed entity; added to the Specially Designated National (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on January 4, 2006, freezing its assets under U.S. jurisdiction and prohibiting transactions with any U.S. person, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their supporters; according to the U.S. government, has transferred millions of dollars on behalf of the AEOI; reportedly works on building centrifuge parts; according to the National Council of Resistance of Iran (NCRI), Energy Novin is comprised of approximately 15 companies; headed by Javad Karimi Sabet (see separate entity record); involved in Iran's efforts to start-up the Iran Nuclear Research Reactor, Arak (IR-40), according to the NCRI. |
| Date Entered: |
| 1/26/2004 |
| Date Last Modified: |
| 8/27/2008 |