By Maya Lester QC & Michael O’Kane

Further US Iran sanctions for petroleum & petrochemical trading

OFAC has designated 5 UAE-based entities pursuant to Executive Order 13846 for having materially assisted, sponsored or provided support for the state-owned National Iranian Oil Company (NIOC), a specially designated national. In 2019, these companies are said to have purchased hundreds of thousands of metric tons of petroleum products from NIOC for delivery to the UAE. 3 of the companies …

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About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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