Som Petrol

Som Petrol is a subsidiary of ASB Group from Turkey. ASB Group is working with National Iranian Oil Company (NIOC), National Iranian Gas Company (NIGC) and other Iranian entities

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

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

Som Petrol Ticaret A.S. in its activities of Middle East, Africa and Europe, has exported more than 28 million tons of crude oil and oil products and completed successful transportation of more than 12 million tons of crude oil for the Refineries in Caspian Sea;

Som Petrol is a subsidiary of ASB Group from Turkey. ASB Group is working with National Iranian Oil Company (NIOC), National Iranian Gas Company (NIGC) and other Iranian entities;

“Iran’s Oil Ministry said the country had signed a €1 billion ($1.3 billion) pipeline deal to take gas to Turkey and a Turkish firm called Som Petrol said it was the partner in the project. The one billion euro deal to build 660km gas pipeline was signed on Thursday during the Iranian Oil Minister’s trip to Turkey,” the Iranian ministry said in a statement on Friday. The pipeline will enable Iran to export 50 to 60 million metres of gas per day. It will be constructed within three years,” Javad Oji, head of the National Iranian Gas Export Co. (NIGC), told the Iranian Oil Ministry’s official ebsite (sic) SHANA. Oji was quoted by the Mehr news agency as also saying that 23 per cent of the project would be handled by the Iranian side and 77 per cent by the Turkish side. One of the world’s biggest oil and gas producers, Iran has been hit by US and UN sanctions that have hindered access to foreign investment and slowed its development as a major exporter. Turkey, which is bidding to join the EU, is heavily dependent on energy imports and Iran is its second-biggest supplier of gas after Russia. Iran exported 10 billion cubic metres of gas to Turkey last year. Turkey and Iran have been aiming to expand their cooperation in energy, and Turkey had promised to invest $5.5 billion in developing production of 20-35 billion cubic metres of gas a year from Iran’s South Pars field. Turkey said in April Iran may export gas to Switzerland via Turkey in exchange for a transit fee. Iranian authorities have said Turkey would need to give its consent for the transit and the deal would then be signed with Switzerland” (Reuters, “Iran, Turkish firms in €1b gas link deal,” July 24 2010);


Also Known As:
Som Petrol AS
Som Petrol Ticaret


Reason for the color:
» On June 30, 2019, New Jersey listed Som Petrol on its state list of entities determined, based on credible information, to be engaged in prohibited activities in Iran;
» In 2018 and 2019 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” Som Petrol was included on this list in 2018 and 2019. Tennessee states “Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list.”;