According to the Office of Foreign Assets Control (OFAC) of the US Department of Treasury, the Indian company Tibalji Petrochem Pvt Ltd has been sanctioned for an oil deal with Iran.
The United States imposed sanctions on an Indian corporation for buying Iranian oil and petrochemicals a day after External Affairs Minister S. Jaishankar’s visit.
The US has sanctioned a number of companies, including several from the United Arab Emirates and Hong Kong, including the Indian petrochemical firm Tibalaji Petrochem Private Limited. The Iranian brokers and a number of front firms in India, the United Arab Emirates, and Hong Kong that helped facilitate transfers of money and the shipping of Iranian petroleum and petrochemical items have been targeted by the sanctions.
According to the Office of Foreign Assets Control (OFAC) of the US Department of Treasury, Tibalji Petrochem Pvt Ltd has purchased petrochemical products worth millions of dollars from Triliance, an Iranian company that facilitates the sale of Iranian goods to foreign buyers, for later shipment to China. These products include methanol and base oil.
“Today, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned an international network of companies involved in the sale of hundreds of millions of dollars worth of Iranian petrochemicals and petroleum products to end users in South and East Asia,” the US Treasury Department said in a statement.
“Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum and petrochemical products,” it added.
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IRAN is very close to regime change – – if an honest vote were taken inside of Iran it would happen tomorrow ……..never the less , pressure on current gov’t is extreme , it will come from all spheres domestic and foreign and it will come fast . ……… …. shalom to all
Pucca money laundering firm. If it even exists. 😜😜😂😂
Go to zaubacorp and Check company details.
Fake invented names. Talloo? And mande?
seriously?
Fake companies. Absolutely RAW and IB invention.
Surely you clowns who wrote this article can spend modi gubment money in better ways.