MASAL

The tanker is involved in the transportation of sanctioned Iranian crude oil for the sanctioned China Concord Petroleum Company, which was sanctioned by USA in late 2019 for violating restrictions on the processing and transaction of Iranian oil, as well as the sanctioned National Iranian Oil Company (NIOC), which is one of the largest oil and gas companies in the world and is controlled by the Iranian Ministry of Oil, and its sanctioned subsidiary Naftiran Intertrade Company (NICO). Iran relies on an extensive network of tankers and ship management companies in many jurisdictions to transport its oil to consumers, using deceptive tactics (falsification of documentation, manipulation of ship tracking systems, constant changes of ship names and flags).
The tanker is affiliated with Ocean Glory Giant OGG SA (Panama), which was sanctioned by USA on December 03, 2024 for its activities in the oil sector of the Iranian economy.
On December 03, 2024, USA imposed sanctions on the tanker as a property in which Ocean Glory Giant OGG SA has an interest.