Atic Energy FZE
Sharjah-registered free-zone entity designated by OFAC on 11 May 2026 for facilitating IRGC oil logistics.
Last refreshed: 12 May 2026 · Appears in 1 active topic
Why does the IRGC register oil companies in Sharjah rather than just Dubai?
Timeline for Atic Energy FZE
Mentioned in: OFAC sb0502: 50 entities, 19 vessels, no refinery
Iran Conflict 2026Designated for routing IRGC oil sales to China
Iran Conflict 2026: OFAC designates twelve for IRGC oil routingAdded to SDN list as UAE-registered IRGC oil-logistics entity
Iran Conflict 2026: Economic Fury hits four Hong Kong shellsWhat is Atic Energy FZE?
Why does the IRGC use Sharjah free zones?
Is Atic Energy FZE on the US sanctions list?
Background
Atic Energy FZE is a Sharjah, UAE-registered free-zone entity designated by OFAC on 11 May 2026 under Operation Economic Fury targeting the IRGC's oil-logistics network. The company is the Sharjah-tier component of a UAE network that also includes entities in Dubai, contributing to the geographic diversification of the IRGC's corporate structure across multiple Emirates.
Free-zone status in Sharjah provides 100% foreign ownership and reduced regulatory oversight compared to onshore UAE companies. OFAC's inclusion of a Sharjah FZE alongside Dubai-registered entities indicates the network was using multiple Emirates to reduce single-jurisdiction exposure risk.
How did OFAC identify Atic Energy FZE as an IRGC front company?
