Provides financial resources and financing services for oil and gas development projects to entities linked to the Government of Iran, including subsidiaries of the National Iranian Oil Company (NIOC).

Listed by the European Union on December 1, 2015 as an entity linked to Iran's proliferation-sensitive nucelar activities or the development of nuclear weapons delivery systems; with some exceptions, European Union member states must freeze all funds and economic resources owned, held, or controlled by the listed entity, and prevent funds or economic resources from being made available to it.

Has owned Iranian Offshore Engineering Construction Co. (IOEC), which has provided logistical support to the Government of Iran.

Managing director is Naser Maleki, who is also head of the Shahid Hemat Industrial Group (SHIG) and also an official in Iran's Ministry of Defense Armed Forces Logistics (MODAFL) overseeing the work on the Shahab-3 ballistic missile program.