U.S. Cuts off Firms Over Iran

May 24, 2011

Author: 

Keith Johnson

Publication: 

Wall Street Journal

Related Country: 

  • China
  • North Korea
  • Singapore
  • Syria
  • United Arab Emirates
  • United Kingdom
  • Venezuela

The United States sanctioned seven energy firms for supplying gasoline and other refined petroleum products to Iran in violation of U.S. law. The firms sanctioned were Petroleos de Venezuela SA (PdVSA); Petrochemical Commercial Company International (PCCI) of Jersey, United Kingdom; Royal Oyster Group and Speedy Ship of the United Arab Emirates; Tanker Pacific of Singapore; Ofer Brothers Group of Israel; and Associated Shipbroking of Monaco. According to the U.S. State Department, PdVSA supplied Iran with a blending component used to improve gasoline; PCCI, Royal Oyster and Speedy Ship for shipped refined petroleum products to Iran; and Tanker Pacific, Ofer Brothers and Associated Shipbroking helped provide Iran with a tanker. Separately, the State Department also sanctioned sixteen entities under a nonproliferation act, including entities in Belarus, China, Iran, North Korea, Syria and Venezuela.