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:
A wholly-owned subsidiary of National Iranian Oil Company (NIOC) involved in oil trading;

Used First Islamic Investment Bank (FIIB) and Sorinet Commercial Trust Bankers (SCT Bankers) to facilitate transactions worth tens of millions of dollars with Iran Marine Industrial Company (SADRA); directed the Central Bank of Iran (CBI) to transfer the equivalent of 300 million euros to SCT Bankers; sold tens of millions of barrels of Iranian crude oil to International Safe Oil (ISO);

Serves as the oil trading arm and a source of funds and foreign exchange for NIOC; reportedly acquires the majority of Iran’s petroleum imports; owns a stake in Madras Fertilizers Ltd, a joint venture with the Government of India; has a 50-50 joint partnership with British Petroleum in the North Sea Rhum project through a subsidiary, Iranian Oil Company UK; reportedly owns shares in a fuel distribution project in Senegal with Royal Dutch Shell;

Subsidiaries:
Naftiran Intertrade Company Srl
Petroiran Development Company (PEDCO) Ltd
Petropars Ltd

Also Known As:
Naftiran Intertrade Company
Naftiran Trade Company (NICO)
Naft Iran Intertrade Company Ltd.
Naftiran Intertrade Co. (NICO) Limited
NICO
Naftiran Intertrade Co Ltd

Country:
Iran

Address:
5th Floor, Petro Pars Building, No 35 Farhang Boulevard, Saadat Abad Avenue, Tehran, Iran
Level 5(I), Main Office Tower, Financial Park Complex, Jalan Merdeka, Malaysia
Suite 17, Burlington House, St. Saviours Road, St. Helier, Jersey, United Kingdom

Phone:
+98 21 22372486, +98 21 22374681, +98 21 22374678

E-Mail:
info@naftiran.com

Person of interests:
Mohsen Paknejad;
Mohammad Hassan Ghodsi (General Manager);
Mohammad Ali Ahmadi;
Ahmad Azmoodeh

Reason for the color:
» As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;
» 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 April 11, 2013, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;
» Listed by the European Union on October 16, 2012 as an entity linked to Iran’s nuclear or ballistic missile activities;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;


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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.