Iran's oil ministry has denied the reports that the state-owned National Iranian Oil Company (NIOC) is linked to or under the control of the IRGC, Mehr News Agency reported on Tuesday.
On Monday, U.S. Treasury sent a report to Congress determining that the NIOC was “an agent or affiliate” of the IRGC. The Treasury, however, didn’t find sufficient proof to link the National Iranian Tanker Co., NITC, the main carrier for Iranian crude, to the Revolutionary Guards. (Bloomberg, 24 September)
“Treasury has reviewed classified reporting and unclassified information in support of these determinations,” Adam Szubin, director of the Office of Foreign Assets Control wrote to Congress. “As Iran’s most powerful economic actor, the IRGC dominates many sectors of the economy, including energy, construction, and banking,” he wrote.
“Recently, the IRGC has been coordinating a new campaign to sell Iranian oil, in order to evade international sanctions,” Szubin wrote.
Under today’s finding, any foreign financial institution “determined to knowingly facilitate significant transactions with or provide significant financial services” for NIOC, without a Treasury waiver, can be blocked from the U.S. banking system. (Reuters)
When you have a member of the IRGC running the NIOC,what do you expect?
He recruited 3000 members of the Basij into NIOC.So yes one can say there is only the IRGC oil company,IRGCOC for short.
You guys have war criminals and rapists running Israel.
and you dare question an Iranian war hero running an industry ??
The US gov is bankrupt and so is the US treasury. when will the US govt stop lying and cheating the world financial system? no worries...the tides are turning and the strong are turning into the frail
Anon 9:09 AM,
Don’t be so angry. The angels running Iran can answer the charges against the NIOC and IRGC.
Anon 9:09 AM
Ha Ha Ha Ha!! You must be walking around with earmuffs and blindfolded everyday!
It's a well known fact that the entire parliament in Tehran is occupied by former criminals rapists and murderers.
Anon 9:09 AM
Yeah,running the oil industry into the ground.
---- You guys have war criminals and rapists running Israel.
and you dare question an Iranian war hero running an industry ??----
such hilarious dishonesty in an attempt to avoid discussing the thing on its merits.
the offering of a second-rate hack.
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