Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

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

Info:
Agiba was founded in 1981 as an operating company for the Egyptian General Petroleum Corporation (EGPC), Agypetco Oil & Gas Exploration (A.G.) presently IEOC B.V., in the areas covered by the petroleum concession agreement between the government of the Arab Republic of Egypt, EGPC and Agypetco, commonly referred to as the merged agreement issued by the law No. 5/1978 in Meleiha Concession and by law No. 20/1978 in West Razzak area in the Western Desert;

Agiba operates as an agent in the concession areas in accordance with the concession agreement between the A.R.E. government represented by EGPC, IEOC and its partners:
– Ashrafi Island Pet. Co. (Ashpetco)
– Ras Qattara Pet. Co. (Ras Qattara)
– Raml Pet. Co. (Rampetco)
– West Ashrafi Pet. Co. (Ashrafi)

As of July 1, 2019, Mississippi listed Agiba Petroleum Co., on its list of companies doing business with Iran;

Industry:
Oil and Gas

Country:
Egypt

Address:
Agiba Petroleum Company Building 1 El Barameka Street Nasr City District 7 4503 Egypt Nasr City 11717

Phone:
+20 2-2407-1285

Website:
www.agiba.com

E-mail:
admin@agiba.com

Reason for the color:
» As of July 1, 2019, Mississippi listed Agiba Petroleum Co., on its list of companies doing business with Iran;
» As of March 13, 2019, Mississippi listed Agiba Petroleum Co., on its list of companies doing business with Iran;
» In 2017, the U.S. state of Mississippi, listed Agiba Petroleum Co. on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Agiba ineligible for investment and/or state contracting;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.