In 2020, the US had designated NIOC as materially supporting the IRGC-QF. Abbass Asadrouz, manager of the Iranian Oil Terminals Company (IOTC). IOTC is a subsidiary of NIOC, and oversees Iran’s ...
The U.S. Treasury Department accused the Syrian conglomerate of using oil profits to fund Iran’s IRGC-QF, a powerful military unit, and Houthi militants who have been involved in attacks on U.S ...