Info:
The Department of State imposed sanctions on Vietnam Gas and Chemicals Transportation Corporation pursuant to E.O. 13846 in connection with significant transactions for the transport of petroleum products from Iran, on or after November 5, 2018;
The Department of State imposed sanctions pursuant to E.O. 13846 on the company’s Managing Director, Vo Ngoc Phung, for serving as a principal executive officer of the company;
Iranian petrochemical sales are an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad;
“Iran’s petrochemical and petroleum sectors are primary sources of funding for the Iranian regime, which it uses to support its malign domestic and foreign agenda,” said Secretary Steven T. Mnuchin. “The United States will act against persons who support illicit actors engaged in the movement of Iranian petroleum and petrochemical sales.”;
Industry:
Oil Industry
Also Known As
Vietnam Gas and Chemicals Transportation Corporation
Cuu Long Petro Gas Service – Transportation Joint Stock Company
Viet Nam Gas and Chemicals Transportation Corporation
Vietnam Gas & Chemicals
Vietnam Gas and Chemicals
CGT J.S.C.
PCT
PVTRANS-PCT
Country:
Vietnam
Address:
Service Zone No. 04, Level 06, R2 Tower, The Everrich Building, No 968 3/2 Street, Ward 15, District 11, Ho Chi Minh City, Vietnam
Room 4, 6th Floor, R2, The Everrich Building, 968, 3 Thang 2, Ward 15, District 11, Ho Chi Minh City, Vietnam
Website:
www.pct.com.vn
E-mail:
info@pct.com.vn
Identification Number IMO:
6032118
Enterprise Number:
0305020272 (Vietnam)
Person of interests:
Vo Ngoc Phung – Managing Director
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 December 16, 2020 pursuant to Executive Order 13846 in connection with significant transactions for the transport of petroleum products from Iran, on or after November 5, 2018;
» Sanctioning Supporters of Iran’s Petroleum and Petrochemical Sectors;