National Iranian Tanker Company

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
National Iranian Tanker Company operates as an independent shipping company in Iran. Its services include shipping refined petrochemicals, transporting crude oil, rescuing lives at large oceans and sea, training oil spill task forces, and training services;

NITC is a subsidiary of the National Iranian Oil Company, which was privatized in 2009. As of 2011, NITC was owned by funds managing pensions for 5 million Iranians. It is the biggest tanker company in the Middle East;

The company transports Iranian crude to export markets and also engages in cross-trading of crude oil cargoes for some 150 oil majors worldwide, including Royal Dutch Shell, Total SA, Saudi Aramco and state-run producers in Kuwait and Abu Dhabi. NITC has a capacity of 11 million tons per year;

In May 2018, when the Trump administration re-imposed unilateral sanctions against Iran after the complete withdrawal from the JCPOA, China started to shift its petroleum cargo to ships owned by the NITC to maintain or even increase imports from Iran;

It was not immediately clear, which entities would provide insurance for those shipments worth $1.5 billion a month. Zhuhai Zhenrong Corp. and Sinopec Group have activated a business clause in their long term supply agreement with NIOC, and likely Iran will cover all the costs and risks, including insurance, for the delivery of the crude;

Additionally, pursuant to E.O. 13599, OFAC identified 37 NITC-affiliated entities and vessels in which NITC has an interest. Identifying information for another 52 vessels confirmed as being property in which NITC has an interest;

Each year, these vessels move tens of millions of barrels’ worth of Iranian oil, as well as Iranian natural gas, which constitute a major source of revenue to fund the Iranian regime’s malign activities. It is essential to close off this funding stream to Tehran;

The Iranian shipping industry is reviving previously employed deceptive practices in an effort to obfuscate IRISL or NITC’s interests in vessels and other property. Among the IRISL vessels identified today are four vessels that recently underwent name and partial ownership changes but that are still property in which IRISL has a blockable interest;

The global maritime industry should be on alert for Iran’s use of such tactics and make every effort to thwart Iran’s use of their jurisdictions to create front companies, to revoke their flags from IRISL and NITC vessels and to deny other means that enable Iran to conceal its interest in the vessels;

Industry:
Shipping Industry

Established:
1955

Also Known As:
NITC

Country:
Iran

Address:
67-88, Shahid Atefi Street, Africa Avenue, Tehran, Iran

Phone:
98 21 23801
98 21 66153220
98 21 23803202
98 21 23803303
98 21 66153224
98 21 23802230
98 9121115315
98 9128091642
98 9127389031

Website:
www.nitc.co.ir

E-Mail:
[email protected]
[email protected]

Person of interests:
Hamid Behbahani (Managing Director)
Mr. Tabatabaei (In charge of CBT and in charge of Training)
Mrs. Soltani (In charge of Expatriates Filing and Computer Operator)
Mr. Zare Mehrjerdi (In charge of Engineer Officers)
Mr. Hedayati (In charge of Deck Rating)
Vahid Haghanian

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 5, 2018, identified pursuant to E.O. 13599 for meeting the definition of the term “Government of Iran.”;
» Iranian oil shipment through The Suez canal provides a route for oil from Iran to Syria
» U.S. imposes sanctions on Iran’s petrochemical industry
» Greece and Iran: The Dark Side of the Relationship
» Report Announces Determination that the National Iranian Oil Company is an Agent or Affiliate of Iran’s Islamic Revolutionary Guard Corps;
» Treasury Targets Iranian Attempts to Evade Sanctions;
» Individuals and entities linked to National Iranian Tanker Company
» Listed by the European Union in October 2012 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» Effectively controlled by the Government of Iran. Provides financial support to the Government of Iran through its shareholders which maintain ties with the Government;

» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;

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