Also Known As:
Noveen Energy Company
Energy Novin
Pars Novin
New Energy Company
Weapon Program:
- Nuclear
Address:
- End of North Karegar Avenue, Tehran, Iran
- Seyyed Jamal Aldin Assadabadi Avenue, 15th street, Number 33, Tehran, Iran
Operates within the Atomic Energy Organization of Iran (AEOI) and has transferred AEOI funds to entities associated with Iran's nuclear program.
According to the U.S. government, has transferred millions of dollars on behalf of the AEOI; reportedly involved in building centrifuge parts.
According to the National Council of Resistance of Iran (NCRI), has been involved in work at the reactor (IR-40) located at the Arak Heavy Water Complex (IR-40); according to the NCRI, is comprised of approximately 15 companies.
Headed by Javad Karimi Sabet.
Sanctions
Designated by the U.N. Security Council on March 24, 2007, pursuant to resolution 1737 (2006), as an entity involved in or supporting Iran's proliferation-sensitive nuclear activities or development of nuclear weapon delivery systems; with some exceptions, the designation requires states to freeze assets that are owned or controlled by the entity, directly or indirectly, and to ensure that assets are not made available to the entity.
Previously removed from the U.N. list on January 16, 2016, pursuant to the Joint Comprehensive Plan of Action (JCPOA); returned to the U.N. list on September 28, 2025, as part of the reimposition of sanctions on Iran.
Listed by the European Union on April 21, 2007, as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, E.U. member states must freeze assets owned or controlled by the entity, directly or indirectly, and prevent assets from being made available to it.
Previously removed from the E.U. list on January 16, 2016, pursuant to the JCPOA; returned to the E.U. list on September 29, 2025, as part of the reimposition of U.N. sanctions on Iran.
Added on January 4, 2006, to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMDs) and their delivery systems; redesignated on November 5, 2018, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity may be subject to U.S. sanctions.
Previously removed from the SDN list on January 16, 2016, pursuant to the JCPOA; returned to the SDN list on November 5, 2018, as part of the reimposition of U.S. sanctions on Iran.
Sanctioned by the governments of Australia, Japan, and the United Kingdom, restricting business and financial transactions with the entity and/or freezing its assets in those countries.
Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.
