Risk Level:
unknown %
Status:
Medium Alert – Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
Info:
Iranian Oil Company is wholly owned by Naftiran Intertrade Company (NICO);
Naftiran Intertrade Company (NICO) is itself designated under EU sanctions because it is wholly owned by the National Iranian Oil Company (NIOC), which is also an EU designated entity because it provides financial resources to the Government of Iran. All three Board Directors of IOC as at 18 December 2012 have previously worked for NIOC in a directorship role, further demonstrating the strong link between IOC and NIOC;
Also Known As:
IOC
Involved In:
Nuclear Weapon Program
Missile Weapon program
Country:
United Kingdom
Address:
NIOC House 6th Floor, 4 Victoria Street, London, United Kingdom
Reason for the color:
» 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;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;
