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:
Dragon Oil LTD is a subsidiary of ENOC – Emirates National Oil Company;

Dragon Oil plc is an independent international oil and gas exploration, development and production business. It is based and registered in Dubai and its operations are primarily located in Turkmenistan;

(2017 – ENOC Continues to Supply Crude Oil to Iran Despite Sanctions) – At the end of July, the same vessel VF Tanker-20, carried crude oil produced by Dragon Oil, arrived on roads of Baku port, Azerbaijan. However, after one week delay, caused by detection of some undeclared cargo on board, suddenly rushed to Iranian port of Neka and discharged crude oil to the terminal, operated by the National Iranian Oil Company (NIOC). On August 7th, VF Tanker-20 loaded a new cargo of crude oil in Aladja port, Turkmenistan, and moved towards direction of Baku, Azerbaijan. However, soon after exiting the territorial waters of Turkmenistan, the ship turned to the south and later arrived to Neka port in Iran. It would appear, that this maneuver is linked to the fact, that Dragon Oil and ENOC, most likely, didn’t obtain necessary permissions from Turkmenistan Government authorities (State Customs Services and others), allowing Turkmen crude oil supply to Iran, and, therefore, issued cargo and custom documents, showing port of discharge Baku, Azerbaijan for further transit delivery to Europe. Dragon Oil and ENOC hide the true destination of crude oil delivery – Iran, to avoid being included into the list of companies, violating US sanctions against Iran;

In 2017, the U.S. state of Mississippi listed Dragon Oil on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Dragon Oil ineligible for investment and/or state contracting;

Industry:
Oil Industry

Also Known As:
Dragon Oil plc

Country:
United Arab Emirates

Address:
P.O.Box : 34666, Dubai, UAE

Phone:
+971 4 305 3600

Website:
www.dragonoil.com

E-mail:
adkl@dragonoil.com

Reason for the color:
» In 2017, the U.S. state of Mississippi listed Dragon Oil on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona 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.