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While the US Treasury indicated that petrochemical exports constitute an important source of financing for Iran, it said that Iran is using petrochemical revenues to finance terrorist groups.
“We will punish anyone who supports Iranian petrochemical export activities,” the US Treasury said.
Donghai International Ship Management Limited, Petrochem South East Limited, Alpha Tech Trading FZE and Petroliance Trading FZE are among the US sanctions list for providing material assistance, sponsorship or providing financial, material or technological support, goods or services to Iran.
Iran continues to circumvent US sanctions, exporting more oil to China and other countries in recent months, providing a lifeline to its faltering economy and undermining the so-called maximum pressure campaign launched by the administration of US President Donald Trump against Tehran. , according to a report published by The Wall Street Journal. “.
According to the report, it is difficult to measure the volume of Iranian oil sales, due to its often secretive nature.
And several companies that monitor global oil trade say that Iran’s shipments have nearly doubled from low levels seen earlier this year, though estimates vary.
Meanwhile, the US-based TankerTrackers.com, which uses satellite imagery to track deliveries, estimates that Iran’s crude oil exports reached 1.2 million barrels per day during the fall, down from 481,000. barrels per day in February.
Meanwhile, the company “SVB International” in Washington said that Iran exported 585 thousand barrels of crude oil per day in November, up from 230 thousand in early 2020. Petro Logistics witnessed an increase in exports to about 447 thousand barrels per day. Of 222 thousand.
The more conservative numbers indicate that US sanctions have kept most of Iran’s oil stacked, but the sharp rise seen in all three market trackers indicates that Tehran has been more successful recently in selling its oil.
US Secretary of State Mike Pompeo said last year that the United States aimed not to export oil from Iran, after it had previously tried to reduce it to less than 1 million barrels per day, below previous levels. to sanctions of 2.5 million barrels per day.
Among Iran’s top customers is China, which according to Beijing’s official trade statistics imported 62,000 barrels a day of Iranian oil in October, down from zero in June.
Industry watchers said actual totals are likely to be much higher and include oil transported through other Asian countries.
