Konstantinos Stavridis has used his company Fani Oil Trading FZE (Fani Oil) to purchase gasoline from al-Jamal, the proceeds from which were ultimately sent to the Houthis. Mahamud’s Adoon General Trading FZE helped facilitate the deal. Fani Oil has created fraudulent shipping documents to facilitate the sale and shipment of gasoline worth tens of millions of dollars.
Sa’id al-Jamal’s network has generated tens of millions of dollars in revenue with the aid of a diverse array of international commodity traders;
Fani Oil Trading FZE is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Konstantinos Stavridis;
The U.S.-designated Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financier Sa’id al-Jamal, this network has transferred tens of millions of dollars to Yemen via a complex international network of intermediaries in support of the Houthis’ attacks. Despite persistent calls for peace from the international community, the Houthis continue their destructive campaign inside Yemen, and have repeatedly launched ballistic missiles and unmanned aerial vehicles that have struck civilian infrastructure in neighboring states, resulting in civilian casualties. Today’s action is taken in close coordination and collaboration with regional Gulf partners.
On June 10, 2021 OFAC designated al-Jamal and members of his network pursuant to E.O. 13224, as amended, for their role in generating revenue through the sale of commodities such as petroleum to fund the Houthis. Al-Jamal directs a web of front companies and vessels that smuggle fuel, petroleum products, and other commodities to customers throughout the Middle East, Africa, and Asia. Al-Jamal is aided by Turkey-based Abdi Nasir Ali Mahamud and his network of businesses, which have served as a cover for al-Jamal’s activities.
Also Known As:
Fani Oil Trading FZE
12 Jul 2006
11578909 (United Arab Emirates)
17959 (United Arab Emirates)
11677258 (United Arab Emirates)
1858 (United Arab Emirates)
United Arab Emirates
P1-ELOB Office No. E-32G-03, United Arab Emirates; P.O. Box 7382, Fujairah, United Arab Emirates
+971 9 2282028
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 February 23, 2022 pursuant to Executive Order 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, Konstantinos Stavridis;