Report on Iranian Petroleum and Petroleum Product Exports (A report required by section 4 of the Stop Harboring Iranian Petroleum (SHIP) Act)

Date issued: Oct. 03 2024

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TURBOFAC Commentary (83 words)

Notes:

1) See comments to the Stop Harboring Iranian Petroleum Act. This is the “report to congress” required under the SHIP Act. It is unclear how much OFAC will rely on the report in crafting designation packages given the information reliability caveats and the fact that the report described activities that took place well prior to the enactment of the SHIP Act and even during a portion of the JCPOA period when there were no secondary sanctions on certain dealings in Iranian oil.