MICHAEL R. POMPEO, SECRETARY OF STATE
Petroleum and petrochemicals are major sources of revenue for the Iranian regime, revenue it employs to oppress the Iranian people and to advance its malign foreign agenda.
Today, the Department of State is imposing sanctions on Vietnam Gas and Chemicals Transportation Corporation, a vessel manager, pursuant to Executive Order (E.O.) 13846, for knowingly engaging, on or after November 5, 2018, in a significant transaction for the transport of petroleum products from Iran. The Department of State is also imposing sanctions pursuant to E.O. 13846 on the company’s Managing Director, Vo Ngoc Phung, for serving as a principal executive officer of the company.