Iran General License Q - Authorizing Limited Safety, Environmental, and Sale Transactions Involving the Blocked Vessel M.V. Tinos I While Located in the United States (May 20, 2025)

Date issued: May. 20 2025

Last substantive commentary amendment:
May. 21 2025

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TURBOFAC Commentary (684 words)

Notes:

1) On April 22, 2025, OFAC designated, pursuant to EO 13092, “Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network, which is collectively responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets”. OFAC noted that Seyed “Emamjomeh’s expansive network includes a vessel, the TINOS I, which intended but failed to load cargo in 2024 off the coast of Houston, Texas.” OFAC stated that “[u]ntil recently, Emamjomeh was also the owner of UAE-based Pearl Petrochemical FZE, before passing ownership to [United Arab Emirates (UAE)-based British and Iranian national Meisam Emamjomeh, the son of Seyed] in October 2024”. OFAC added TINOS I to the SDN List (owned by Pearl Petrochemical FZE), and also noted that Meisam Emamjomeh “serv[es] on the board of directors of many of...