Gostaresh Energy Pars, a subsidiary of South Pars, which is owned by the Iranian Oil Ministry, is a construction company involved in gas and other energy projects in Iraq that link to Iran’s cross-country gas pipeline.
GL: Companies High Alert
Sina Construction
Sina Construction is a company of the Iranian Sina Group, which is controlled by the Mustazafan and operates a number of companies in the Iraqi market
Sina Group
Sina Group, is controlled by the Mustazafan and operates a number of companies in the Iraqi market. SINA GROUP is a holding that started with one company working on government contracts in Kurdistan Region since 1998;
Chuxin Bank
Iran and China have recently established, particularly since the beginning of 2021, a secret financial and commercial apparatus known as “CHUXIN BANK”, with the aim of Enabling Iran to receive the proceeds of oil deals it exports to China
Aktau Petrol Ticaret
Aktau Petrol Ticaret A.Ş. 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
Muften Group
Muften Group together with Essam al-Asadi’s, is known to have been working directly with Former Prime Minister Nouri al-Maliki in various Iraqi sectors to provide cash flow to the IRGC and Hezbollah
Iraqi Company for General Transportation
A key Muften associate, Mohamed Abdul Hussein Gaafar is the owner of Iraqi Company for General Transportation and Oil Production (ICGTOP), which is linked to Aras Habib’s Bilad Islamic Bank
Iraqi Land Transport Company
The Iraqi Land Transport Company, which was involved with AISSOT and SOMO in these illicit oil sales, is part of the Muften Group. The Muften brothers and their network are linked to a number of entities involved in moving Iraqi funds to the IRGC and Lebanese Hezbollah
Santarosa Shipping Company
IRISL transferred ownership of the four Hong Kong-registered companies to Santarosa Shipping Company Limited in June 2018, according to the Hong Kong corporate registry
King Power Holdings
King Power Holdings Limited, a Hong Kong company helped IRISL obfuscate its ownership of 19 bulk carriers in a separate sanctions evasion scheme
Bosphorus Transportation
Bosphorus Transportation maintains ties with IRISL through a common director with Istanbul Shipping. Although Bosphorous Transportation is further removed from IRISL, its shared director with Istanbul Shipping suggests that despite changes in ship management and ownership, IRISL’s managerial control of the vessels was never entirely severed
