ECONOMYNEXT – The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has named Slogal Energy DMCC, a unit of Sri Lanka’s Laugfs group, for alledgedly trading in Iranian petrochemicals. “United Arab Emirates (UAE)-based Markan White Trading Crude Oil Abroad Co. L.L.C (Markan White) and Slogal Energy DMCC (Slogal) play a key role in enabling the sale and shipment of Iranian LPG to Sri Lanka,” a US Treasury statement said. Iranian petrochemicals had been purchased from Iran-based petrochemical broker Persian Gulf Petrochemical Industry Commercial Co (PGPICC) by Dubai based firms. “In late 2024, PGPICC and Markan White…
Sri Lanka’s Laugfs Dubai unit named by US Treasury for trading Iran gas
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