Israeli National Bureau for Counter Terror Financing Sanctions Lebanese Energy Company Coral Oil: “Supplied Fuel to Hezbollah״
22/10/2026
The National Bureau for Counter Terror Financing (NBCTF) at the Israel Ministry of Defense (IMOD) has imposed a sanction on Coral Oil following the transfer of approximately 130,000 liters of fuel distillates (diesel and gasoline) to Al-Amana, a Hezbollah-owned fuel company designated as a terrorist organization by the Defense Minister in 2020.
The sanction, signed by Defense Minister Israel Katz, exposes another link in Hezbollah’s economic supply chain: a commercial fuel company that supplied distillates to a Hezbollah-affiliated company, thereby placing a vital resource at the organization’s disposal.
For Hezbollah, fuel is more than a commercial commodity. The organization uses fuel distillates for operational and logistical purposes, including transporting weapons and military components, powering generators and infrastructure, and supporting its underground infrastructure. Supplying fuel to Hezbollah therefore provides it with operational capabilities that sustain its activities and advance terrorist activity against Israel.
Although Coral Oil is registered in the United Kingdom, it was found to be owned by A. Yamin Group S.A.L. (Holding), a Lebanese company. Moreover, according to its financial statements, it conducts its business through its Lebanese branch. Coral Oil sits at the heart of a business structure linked to the Yamin family. Brothers Oscar, Antonio, and Edgar Yamin have served as directors of Coral Oil since January 2017. Group documents describe them as holding key positions: Oscar as Chairman and CEO, Antonio as head of financial strategy, and Edgar as overseeing operations and supplier relations.
The ownership structure further reflects cross-border family ties. Until November 2025, Coral Oil was held directly by Fortuna, an Isle of Man-registered company, with Lebanon’s A. Yamin Group as its ultimate parent company. In November 2025, ownership was transferred to A. Yamin Group S.A.L. (Holding), a Lebanese company.
The documents portray Coral Oil as part of a business network linked to the Yamin family and to other companies active in the fuel and international trade sectors. Together, these companies form a group with business ties worth hundreds of millions of dollars, with the Yamin family at the top of the network.
The sanction on Coral Oil is part of a campaign led by the NBCTF and other security agencies to target not only entities directly associated with Hezbollah, but also the trade and supply chains that enable the organization to continue operating. In this case, fuel distillates, a legitimate commercial product in its own right, were placed at the disposal of a Hezbollah-owned company. Beyond this direct business connection, company documents point to a broad network of affiliated companies and international business ties linked to the Yamin family.
The sanction aims to sever the link between the business and commercial sphere and the logistical infrastructure that enables Hezbollah to operate its terror apparatus.
The sanction, signed by Defense Minister Israel Katz, exposes another link in Hezbollah’s economic supply chain: a commercial fuel company that supplied distillates to a Hezbollah-affiliated company, thereby placing a vital resource at the organization’s disposal.
For Hezbollah, fuel is more than a commercial commodity. The organization uses fuel distillates for operational and logistical purposes, including transporting weapons and military components, powering generators and infrastructure, and supporting its underground infrastructure. Supplying fuel to Hezbollah therefore provides it with operational capabilities that sustain its activities and advance terrorist activity against Israel.
Although Coral Oil is registered in the United Kingdom, it was found to be owned by A. Yamin Group S.A.L. (Holding), a Lebanese company. Moreover, according to its financial statements, it conducts its business through its Lebanese branch. Coral Oil sits at the heart of a business structure linked to the Yamin family. Brothers Oscar, Antonio, and Edgar Yamin have served as directors of Coral Oil since January 2017. Group documents describe them as holding key positions: Oscar as Chairman and CEO, Antonio as head of financial strategy, and Edgar as overseeing operations and supplier relations.
The ownership structure further reflects cross-border family ties. Until November 2025, Coral Oil was held directly by Fortuna, an Isle of Man-registered company, with Lebanon’s A. Yamin Group as its ultimate parent company. In November 2025, ownership was transferred to A. Yamin Group S.A.L. (Holding), a Lebanese company.
The documents portray Coral Oil as part of a business network linked to the Yamin family and to other companies active in the fuel and international trade sectors. Together, these companies form a group with business ties worth hundreds of millions of dollars, with the Yamin family at the top of the network.
The sanction on Coral Oil is part of a campaign led by the NBCTF and other security agencies to target not only entities directly associated with Hezbollah, but also the trade and supply chains that enable the organization to continue operating. In this case, fuel distillates, a legitimate commercial product in its own right, were placed at the disposal of a Hezbollah-owned company. Beyond this direct business connection, company documents point to a broad network of affiliated companies and international business ties linked to the Yamin family.
The sanction aims to sever the link between the business and commercial sphere and the logistical infrastructure that enables Hezbollah to operate its terror apparatus.
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