Jereh Group

From on or about October 2, 2014 to on or about March 4, 2016, the Jereh Group appears to have violated the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), on at least 11 occasions. Specifically, the Jereh Group appears to have violated §§ 560.203 and 560.204 of the ITSR when it exported or reexported, or attempted to export or reexport, U.S.-origin goods ultimately intended for Iran via China, in some cases after incorporation into other goods in China (referred to hereafter as the "Apparent Violations"). Two of the 11 transactions involved shipments that were seized by U.S. Customs and Border Protection (CPB). The Jereh Group did not cease its activities until the U.S. Department of Commerce's Bureau of Industry and Security (BIS) added Yantai Jereb Oilfield Services Group Co., Ltd. and four of its former employees, as well as other companies and individuals involved in the prohibited activities described below, to the Entity List.

[Jereh Group agreed to] pay or arrange for the payment to the U.S. Department of the Treasury the amount of $2,774,972."

According to a settlement with the US Treasury Department signed November 29, 2018, "The Jereh Group is an integrated oil and gas company specializing in oil and gas equipment manufacturing, engineering and construction, and oilfield technology services. The Jereh Group employs approximately 5,000 employees worldwide and is headquartered in the city of Yantai in China's northeastern Shandong province.  (https://home.treasury.gov/system/files/126/20181212_jereh_settlement.pdf)