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Independent Petroleum Group (IPG)

Independent Petroleum Group (IPG)

Industry: 
Energy
Value of USG Contracts: 
2
Symbol: 
KUW:IPG
Country: 
Kuwait
Contact Information: 
Sources: 

"Open sources reported that IPG sold gasoline to Iran in 2009 and 2010 and stopped in 2010." (U.S. Government Accountability Office, Report: "Firms Reported in Open Sources to Have Sold Iran Refined Petroleum Products between January 1, 2009 and June,"September 3, 2010)

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The Wall Street Journal listed IPG as one of the companies that sold gasoline to Iran in 2009. (The Wall Street Journal, "Black-Market Gas Shelters Iran," 6/17/2010)

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"Kuwait-based trader Independent Petroleum Group has sold gasoline produced by Reliance into Iran, even though the Indian refiner has asked traders not to ship its fuel to the Islamic Republic, trade sources said on Thursday. Shipping and trade data obtained by Reuters showed IPG shipped a total 144,830 tonnes, or 1.23 million barrels, of gasoline to Iran in October. IPG loaded a total of four vessels between end-September and October at Reliance's oil terminal at Sikka, the data showed. The four vessels -- Nordic Agnetha, Pro Giant, St George and Torm Carina -- discharged their respective cargoes at Iran's Bandar Abbas oil terminal." (Reuters, "IPG Sells Reliance Fuel to Iran Despite Restrictions," 12/17/2009).

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