Info:
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 uses income from petrochemical companies 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;
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Ilam Petrochemical
Ilam Petrochemical Co.
Ilam Petrochemical Industries
Country:
Iran
Address:
Afar Blvd – Below Shahid Hemmat Bridge – Ninth Gandhi Side – Building No. 2 Petrochemical Company – First Floor, Tehran, Iran
Ilam – Chawar – Ilam Petrochemical Complex, Iran
Registration Number:
253861 (Iran)
Website:
www.ilampetro.com
E-mail:
ilampetro.com
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;