Description
Additionally, Mehdi Group has two branch offices: Singapore-based Mehdi Offshore and Ship Management Pte. Ltd. (Mehdi Offshore) and United Arab Emirates (UAE)-based Penta Ocean Ship Management & Operation LLC (Penta Ocean). Mehdi Offshore ostensibly provides various support services, while Penta Ocean and UAE-based Mehdi Group subsidiary Fourteen Star Shipping Management manages billing and payments. Mehdi Group also is able to draw on expertise in oil-related logistics, including refining and storage, through its UAE-based subsidiary Five Energy Oil Trading." (U.S. Department of the Treasury, "Treasury Designates Vast Iranian Petroleum Shipping Network That Supports IRGC-QF and Terror Proxies," 9/4/2019). (https://home.treasury.gov/news/press-releases/sm767)
