Info:
The purpose of the construction of the Gachsaran Petrochemical Complex is to provide feed for the Bactrian Petrochemical Complex (located along the West-West Ethylene Pipeline) as well as Dena Dnieper Petrochemical Complexes, including the Mamasani Petrochemical Complex, Dehdasht, Boroujen and Kazeroun. In this way, the production of ethylene polymer grade in Gachsaran petrochemicals with an approximate length of 700 km is transmitted as a feed of the 4 petrochemicals of its subsidiary;
Designated by the U.S. Treasury pursuant to E.O. 13382 for being owned or controlled by Iranian Investment Petrochemical Group Company, itself being designated 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;
Iran Regime income from petrochemical companies uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop nuclear weapons of mass destruction and build new missiles to threaten to destroy other countries;
Shareholders of Gachsaran Polymer Industries according to their official website are:
1. Mamassani Petrochemical Company – 22/32%
2. Kazeroon Petrochemical Company – 22/32
3. Dehdasht Petrochemical Company – 21/14
4. Broujen Petrochemical Company – 18/69
5. Iran Petrochemical Company – 10/65
6. SADERAT BANK OF IRAN – 2/69
7. Development Insurance Company – 2/19
8. Polymer Dehdasht Company – 0/00001
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Gachsaran Petrochemical Company
Country:
Iran
Address:
Shahid Vahid Dastgerdi Street, Naseri St., Kian St. 11th Floor Unit 3, Tehran, Iran
Website:
www.gpetroc.ir
E-mail:
info@gpetroc.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;