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Petroiran Development Company (Pedco) Limited

On the SDN listEntityIRAN

Petroiran Development Company (Pedco) Limited (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN. Addresses on file in: Jersey, United Arab Emirates, Iran. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Jersey has 8 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in St. Helier Je2 3qq are listed below.

Sanctions program

Iran (Iranian Transactions and Sanctions Regulations) IRAN

Broad sanctions against Iran. They cover the Government of Iran and entities it owns or controls, and prohibit, unless authorized, nearly all trade by U.S. persons with Iran.

Also known as

  • PETRO IRAN DEVELOPMENT COMPANY · aka

Addresses on file

  • 41, 1st Floor, International House, The Parade, St. Helier JE2 3QQ, Jersey
  • National Iranian Oil Company - PEDCO, P.O. Box 2965, Al Bathaa Tower, 9th Floor, Apt. 905, Al Buhaira Corniche, Sharjah, United Arab Emirates
  • P.O. Box 15875-6731, Tehran, Iran
  • No. 22, 7th Lane, Khalid Eslamboli Street, Shahid Beheshti Avenue, Tehran, Iran
  • No. 102, Next to Shahid Amir Soheil Tabrizian Alley, Shahid Dastgerdi (Ex Zafar) Street, Shariati Street, Tehran 19199/45111, Iran
  • Kish Harbour, Bazargan Ferdos Warehouses, Kish Island, Iran

OFAC remarks

Additional Sanctions Information - Subject to Secondary Sanctions; Registration ID 67493 (Jersey); all offices worldwide; a.k.a. 'PEDCO'.

Other sanctioned entities in St. Helier Je2 3qq

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that Petroiran Development Company (Pedco) Limited is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Petroiran Development Company (Pedco) Limited?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.