Sepehr Energy Jahan Nama Pars
Iranian Armed Forces oil sales arm; channels crude revenue to the military; OFAC-designated 2026.
Last refreshed: 25 April 2026 · Appears in 1 active topic
Who controls Iran's military oil money — and will the Hengli bust dry it up?
Timeline for Sepehr Energy Jahan Nama Pars
Named as Iranian crude supplier to Hengli generating hundreds of millions in Iranian military revenue
Iran Conflict 2026: OFAC sanctions Hengli, China's number two teapot- What is Sepehr Energy Jahan Nama Pars?
- Sepehr Energy Jahan Nama Pars is the oil sales company of Iran's Armed Forces General Staff, functioning as the military's primary crude revenue mechanism. It sells Iranian crude through front companies and shadow-fleet vessels to buyers in China and Asia, channelling proceeds directly to the military.Source: OFAC press release sb0472, 24 April 2026
- How much money did Sepehr Energy make from selling Iranian crude to China?
- OFAC cited revenues of 'hundreds of millions of dollars' paid by Hengli Petrochemical to Sepehr Energy — the largest revenue figure publicly attributed to a single Iranian crude buyer in any 2026 conflict designation round.Source: OFAC press release sb0472, 24 April 2026
- How does Sepehr Energy move Iranian crude to buyers?
- Sepehr Energy routes Iranian crude through a chain of front companies, flag-of-convenience vessels, and ship-to-ship transfers before reaching buyers. The company operates under Iran's Armed Forces General Staff rather than the civilian National Iranian Oil Company, giving the military direct export-revenue access outside civilian channels.Source: OFAC press release sb0472, 24 April 2026
- Is Sepehr Energy part of the IRGC?
- Sepehr Energy operates under the Armed Forces General Staff, not directly under the IRGC, though both channels crude revenue to military operations. The General Staff umbrella sits outside civilian government, giving it export-revenue access that bypasses the National Iranian Oil Company.Source: OFAC press release sb0472, 24 April 2026
Background
Sepehr Energy Jahan Nama Pars is the oil sales company of Iran's Armed Forces General Staff, functioning as the military's primary crude revenue mechanism. OFAC cited Sepehr Energy in its 24 April 2026 designation of Hengli Petrochemical (sb0472), stating that Hengli had paid Sepehr Energy hundreds of millions of dollars — the largest revenue figure publicly attributed to a single Iranian crude buyer in the 2026 conflict. Sepehr Energy sits at the intersection of Iran's shadow-fleet supply chain and military finance, selling crude through intermediaries to customers in China and Asia.
The company operates under the umbrella of the Armed Forces General Staff rather than the National Iranian Oil Company or the IRGC, giving the military direct access to export revenue outside civilian government channels. Its crude typically moves through a chain of front companies, flag-of-convenience vessels, and ship-to-ship transfers before reaching buyers.
The Hengli designation marks the first time OFAC has publicly named Sepehr Energy in connection with a Chinese industrial buyer, suggesting that US intelligence on the supply chain is now sufficiently detailed to drive further designations up the chain.
