Info:
Designated by the U.S. Treasury for being owned or controlled by the Iran-based PGPIC;
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC);
PGPIC, has awarded major engineering, procurement, and construction contracts to the IRGC’s Khatam al-Anbiya, generating hundreds of millions of dollars for an IRGC economic conglomerate that stretches across Iran’s major industries;
Bandar Imam Petrochemical Company is client of Shiraz Electornics Industries;
Tessag Ina Iran AG is working with Bandar Imam Petrochemical Company;
Income from this entity regime uses to sponsor terrorist organizations, terrorist attacks around the world, develop weapon of mass destruction and build new missiles to threaten to destroy other countries;
Subsidiaries:
Faravaresh Co.
Basparan Co.
Kimia Co.
Abniroo Co.
Kharazmi Co.
Also Known As:
Bandar Imam Petrochemical Co.
Involved In:
Nuclear Weapon Program
Country:
Iran
Address:
North Kargar Street, Tehran, Iran
Mahshahr, Bandar Imam, Khuzestan Province, Iran
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13599, which targets the government of Iran;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;