The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Iranian liquified petroleum gas (LPG) trader Seyed Asadoollah Emamjomeh, his son Meisam Emamjomeh, and their global network of companies and vessels for facilitating the export of Iranian LPG and crude oil in violation of U.S. sanctions.
LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) differ in composition, storage, and production: LNG is primarily methane cooled to a liquid state for bulk transport and regasification. LPG is primarily propane and butane, stored as a liquid under pressure and widely used in residential and commercial settings.
According to Treasury, the Emamjomehs orchestrated the shipment of hundreds of millions of dollars’ worth of Iranian fuel products to foreign markets, including attempted sales from the United States to China. The LPG sector remains a critical revenue stream for Iran’s nuclear and military programs and its support for terrorist organizations, including Hizballah, the Houthis, and Hamas.
The designations were made under Executive Order 13902, targeting entities in Iran’s petroleum sector, and support implementation of National Security Presidential Memorandum 2 (NSPM-2). Notably, the TINOS I—owned by UAE-based Pearl Petrochemical FZE and linked to the Emamjomeh network—attempted to load LPG off the coast of Houston in 2024.
In addition to multiple Iran- and UAE-based firms, U.K.-based Worldwide LPG Limited was also sanctioned. Designated entities now face full blocking sanctions, and all U.S. persons are generally prohibited from dealings involving their property or interests.
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