Among the companies to which sanctions have been applied:
DERECTTOR COMPANY LIMITED
Provide additional information
Full name of legal entity
DERECTTOR COMPANY LIMITED
Abbreviated name of the legal entity
DERECTTOR COMPANY LTD
Tax Number
Registration number
3016374
Country
Hong Kong
Address
Room 32, 11/F Lee Ka Industrial Building 8 NG Fong Street, San Po Kong, Kowloon, Hong Kong, China;
31-06, Fuli Center, 6, Gangxing Lu, Zhongshan Qu, Dalian, Liaoning 116001, China
Reasons
The company is the beneficial owner and manager of the oil tanker 'CRYSTAL ROSE' (IMO 9292228) and the manager of the oil tanker 'CARINA' (IMO 9240512) involved in the transportation of Iranian oil to China. In particular, 'CRYSTAL ROSE' tanker transported hundreds of metric tons of Iranian oil in several shipments to China on behalf of the sanctioned National Iranian Oil Company (NIOC) and the sanctioned China Concord Petroleum Co., Limited.
The National Iranian Oil Company (NIOC) is one of the largest oil and gas companies in the world and is controlled by the Iranian Ministry of Oil. NIOC and its subsidiaries are engaged in the exploration, production, transportation, refining and export of oil and natural gas in Iran. The oil deals of NIOC, including its subsidiaries, are used to generate revenue for the IRGC-QF (Islamic Revolutionary Guard Corps) and Hizballah (Hezbollah). After russia's full-scale invasion of Ukraine, namely in July 2022 during putin's visit to Tehran, the National Iranian Oil Company and the russian sanctioned PJSC Gazprom signed a memorandum of understanding on strategic cooperation in the oil and gas sector worth about $40 billion.
China Concord Petroleum Co., Limited is a key intermediary that helps Iran and Venezuela export crude oil to circumvent sanctions restrictions.
On October 11, 2024, as part of the expansion of restrictions on Iran's petroleum/petrochemical sector, USA imposed sanctions on Derecttor Company Limited pursuant to EO 13846 due to the fact that on or after November 05, 2018, the company provided material assistance, financial, material or technological support, or goods or services in support of the NIOC.
The National Iranian Oil Company (NIOC) is one of the largest oil and gas companies in the world and is controlled by the Iranian Ministry of Oil. NIOC and its subsidiaries are engaged in the exploration, production, transportation, refining and export of oil and natural gas in Iran. The oil deals of NIOC, including its subsidiaries, are used to generate revenue for the IRGC-QF (Islamic Revolutionary Guard Corps) and Hizballah (Hezbollah). After russia's full-scale invasion of Ukraine, namely in July 2022 during putin's visit to Tehran, the National Iranian Oil Company and the russian sanctioned PJSC Gazprom signed a memorandum of understanding on strategic cooperation in the oil and gas sector worth about $40 billion.
China Concord Petroleum Co., Limited is a key intermediary that helps Iran and Venezuela export crude oil to circumvent sanctions restrictions.
On October 11, 2024, as part of the expansion of restrictions on Iran's petroleum/petrochemical sector, USA imposed sanctions on Derecttor Company Limited pursuant to EO 13846 due to the fact that on or after November 05, 2018, the company provided material assistance, financial, material or technological support, or goods or services in support of the NIOC.
Links
Sanction Jurisdictions
United States of America
Canada
Switzerland
EU
Great Britain
Australia
New Zealand
Japan
Ukraine
Date of entry and reference to the document
The country has not yet applied sanctions
