Info:
Masoud Karbasian is an Iranian economist who is the current CEO of National Iranian Oil Company (NIOC). He was minister of finance from August 2017 until his impeachment in August 2018. He previously held office as ex-officio vice minister of finance, heading Iran’s Customs Administration. Karbasian holds a Ph.D. in commercial management and has served as a vice minister for heavy industries, petroleum and commerce government ministries;
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating NIOC Managing Director Masoud Karbasian, for being a leader or official of NIOC;
NIOC, overseen by the Ministry of Petroleum, is responsible for the exploration, production, refining, and export of oil and petroleum products in Iran. NITC, a subsidiary of NIOC, is responsible for the transportation of Iranian crude exports. NIOC and NITC provide both the oil and tankers for the sale of Iranian oil by the IRGC-QF. The cooperation and coordination between the IRGC-QF and these entities extends well beyond the simple sale of oil, including coordination between NIOC and the Central Bank of Iran to facilitate the collection of tens of millions of dollars in proceeds from the sale of oil that benefitted the IRGC-QF;
NIOC is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the IRGC-QF;
“The regime in Iran uses the petroleum sector to fund the destabilizing activities of the IRGC-QF,” said Secretary Steven T. Mnuchin. “The Iranian regime continues to prioritize its support for terrorist entities and its nuclear program over the needs of the Iranian people.”
Industry:
Oil Industry
Also Known As
Karbasian, Mas’ud
Born:
14 Jun 1956
Country:
Iran
Address:
Isfahan, Iran
Nationality:
Iranian
Passport:
D10002096 (Iran) expires 26 Aug 2022
National ID No.:
1286504104 (Iran)