Info:
MODAFL and the AFGS sell commodities through a network of front companies both inside Iran and abroad. Sepehr Energy Jahan Nama Pars Company (Sepehr Energy) oversees this activity for the AFGS. Sepehr Energy is headed by deputy chairman, principal board member, and managing director Majid A’zami (A’zami). A’zami is an Iranian oil ministry official. In mid-2023, Sepehr Energy employee Elyas Niroomand Toomaj arranged the sale of Iranian commodities with prospective buyers, including through the use of falsified certificates of origin.
Sepehr Energy relies upon the services of Iranian exchange houses to transfer funds to MODAFL-controlled bank accounts in coordination with the AFGS. Iranian exchange houses serve as key conduits in multijurisdictional Iranian “shadow banking” networks, establishing front companies abroad to enable trade for Iranian clients. Sepehr Energy also shipped products via the National Iranian Tanker Company (NITC), which was designated pursuant to E.O. 13224, as amended, on October 26, 2020 for its support to the IRGC-QF.
“The IRGC-QF and MODAFL continue to engage in illicit finance schemes to generate funds to fan conflict and spread terror throughout the region,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “The United States remains committed to exposing elements of the Iranian military and its complicit partners abroad to disrupt this critical source of funds.”
The Iranian government allocates billions of dollars’ worth of commodities, including oil, to Iranian military entities, including MODAFL and the AFGS as part of the Iranian military’s annual budget. This includes specific commodity allotments for MODAFL, the Islamic Revolutionary Guard Corps (IRGC), and the AFGS, which sell the commodities to foreign buyers to generate revenue.
Shareholders:
Arya Petrochemical Co.
petro farhang
Sepehr Financial Group
Petrochemical Company-Mahtab-Parsian
Vaspari-Sepehr
IranCard
Investment-Civil Engineering-and-Development-Peak-Sepehr
Bank Saderat
Companies owned by Sepehr Energy:
Sabalan Petrochemical Co.
Dena Petrochemical Industries Co.
Siraf Energy Investment Co.
Lavan Petrochemical Company
Lavan Sepehr Petrochemical Hub Co.
SECO International Trading Co.
Person of interests:
Majid A’zami – deputy chairman, principal board member, and managing director
Elyas Niroomand Toomaj
Ali Yari – CEO and Member of the Board
Abolfathe Ebrahimi – Chairman of the Board
Farhad Jahangiri – Member of the Board
mohammad zeynolabedin – Member of the Board
Mehdi Fattahi – Member of the Board
Connected entities:
– Pishro Tejarat Sana Company
Iran-based Pishro Tejarat Sana Company (Pishro Tejarat) works with Sepehr Energy to facilitate the sale and shipment of commodities to overseas buyers, generating revenue for MODAFL and the Iranian military.
Sepehr Energy uses companies in Hong Kong and the United Arab Emirates to sell billions of dollars’ worth of commodities to customers in Europe and East Asia.
In the past year, at Sepehr Energy’s direction, Hong Kong-based Puyuan Trade Co., Limited (Puyuan Trade) brokered sales of tens of millions of dollars of condensate to Hong Kong-based HK Sihang Haochen Trading Limited. Sepehr Energy, through its brokerage agreement with Puyuan Trade, sought to obfuscate the sale of Iranian goods by marketing it as Malaysian-origin.
In the past year, Sepehr Energy agreed to sell millions of barrels of Iranian light crude oil to Dubai-based Unique Performance General Trading L.L.C for delivery to customers in China. Dubai-based OPG Global General Trading Co. L.L.C, on behalf of Sepehr Energy, offered to sell millions of barrels of crude oil and gasoline to Oman and Dubai-based customers for onward shipment to Europe.
Similarly, Dubai-based JEP Petrochemical Trading L.L.C (JEP Petrochemical) paid Dubai-based Future Energy Trading L.L.C the equivalent of more than $400 million for a purchase of Iranian oil from Sepehr Energy. JEP Petrochemical intended to purchase an additional two million barrels of Iranian light crude oil from Sepehr Energy for delivery to Europe.
Sepehr Energy used Sharjah-based brokers Tetis Global FZE and Royal Shell Goods Wholesalers L.L.C, and Dubai-based A Three Energy FZE to enable the sale of Iranian commodities to overseas buyers.
Involved In:
Missile Weapon Program
Also Known As:
Sepehr Energy Jahan Nama Pars Company
Organization Established Date:
21 Nov 2022
Country:
Iran
Address:
Floor 1, No. 41, Shahid Doctor Beheshti Street, Doctor Ali Shariati Street, Niloofar-Shahid Ghandi, Central District, Tehran, Tehran Province 1559649899, Iran
No.15 No.2 North Street, Shahid Aghbari Street, Saadat Abad, Tehran
Website:
www.sepehrenergy.com
E-mail:
info@sepehrenergy.com
National ID No.:
14011674086 (Iran)
Business Registration Number:
605057 (Iran)