Info:
Arvand Petrochemical Co. is situated in southern of Iran. It has been constructed at site 3 of Bandar Imam Petrochemical Special Economic Zone, on the northern coast of the Persian Gulf. Sprawling on a 108-hectare, it seeks to help the country move towards self-sufficiency, industrial development and to provide the related local and downstream sector with the required raw material;
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;
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;
Involved In:
Oil Industry
Country:
Iran
Address:
East 9th Floor, Building No. 46, Karimkhan Zand Boulevard, Near by Ansar Bank, Hafte-E-Tir Square, Tehran 1584893117, Iran;
Site 3, Mahshahr 1584851181, Iran
Website:
www.arvandpvc.ir
E-mail:
info@arvandpvc.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;