Info:
In order to construct urea and ammonia production units, Hormoz urea fertilizer Compnay, concluded a contract with Petrochemical Industries Design and Engineering Company (PIDEC) in 2014, to obtain the license and to carry out the basic engineering of the project.
Following this contract, Hormoz Urea Fertilizer Company selected PIDMCO as EPCC contractor to design and implement the project, considering its experience in implementation of ammonia and urea units in the country;
Licensors:
Ammonia: Swiss Casale Corporation
Urea: Toyo Japan Co.
Designated by the U.S. Treasury pursuant E.O. 13382 for being owned or controlled by PGPIC on June 07, 2019;
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, Iran Regime uses to sponsor terrorist organizations like IRGC, Hezbollah, Hamas, sponsor terrorist attacks around the world, develop weapons of mass destruction and build new missiles to threaten to destroy other countries;
Involved In:
Oil Industry
Also Known As:
Hormoz Petrochemical Company
Country:
Iran
Address:
Tehran, Iran
Website:
www.hormoz-fc.com
E-mail:
info@hormoz-fc.com
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;