PEDEC (EU)

Brief

Sanctioned under 2025/1980 (OJ L202501980) - entered effect 2025-09-29 - (Date of UN designation: 2025-09-29)\n(Designation details: 16.10.2012, suspended since 16.1.2016)

Basic Information

Name: PEDEC (EU)

Role / Function: The Petroleum Engineering & Development Company (PEDEC) is a subsidiary of the National Iranian Oil Company (NIOC) and its development and engineering arm. NIOC is a State-owned and operated entity providing substantial financial resources to the Government of Iran. NIOC holds the production, sale and export monopoly for Iranian oil. The revenue generated by NIOC’s oil sales plays a significant role in funding Iran’s military and the IRGC.

Sanction Information

Sanction Created: 2025-09-29

Sanction Enforcement Began: 2025-09-29

Other Details

Known Document

IR0000054377 (regnumber-Registration Number) (on 1980-08-27)

Known Location

No. 61 Shahid Kalantari St., Sepahbod Qarani Ave.
Tehran
IRAN (ISLAMIC REPUBLIC OF)

Known Aliases