DING XIANG

The tanker was used by the oil broker Petroquimico FZE (UAE) to transport and further deliver to the UAE more than 200 thousand barrels of Iranian oil purchased from the sanctioned National Iranian Oil Company (NIOC). Iran relies on brokers outside of Iran to facilitate the sale and transportation of its crude oil to end users abroad, mainly in the UAE and China.
The tanker is affiliated with Le Monde Marine Services Limited (Liberia), which was sanctioned by USA on February 24, 2025 for its activities in the petroleum sector of the Iranian economy.
The tanker called at the russian port of Taman with oil terminals during the period of the G7 and EU oil embargo and the price cap policy on russian oil.
On February 24, 2025, USA imposed sanctions on the tanker as a property in which the sanctioned company Le Monde Marine Services Limited has an interest.