Treasury Department sanctions company for blending Iranian oil
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Sept. 2 (UPI) -- The U.S. Department of Treasury sanctioned a network of United Arab Emirates-based companies for illegally selling Iranian oil by blending it with Iraqi oil. The companies and ships are owned and controlled by Waleed al-Samarra'i, a citizen of Iraq and St. Kitts and Nevis. His companies, Babylon Navigation and Galaxy Oil, are accused of making ship-to-ship transfers in the Arabian Gulf and in Iraqi ports to blend Iranian and Iraqi oil to sidestep sanctions against Iran, the
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