Info:
Persian Gulf Apadana Petrochemical Company, as a subsidiary of Persian Gulf Petrochemical Company, is implementing a methanol unit in Assaluyeh, Phase 2. In order to manage the implementation of the project, the company has delegated the plan to Petrochemical Industries Development Management Company in 2014 under a management consultant contract (MC);
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;
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Persian Gulf Apadana Petrochemical Company
Apadana Persian Gulf Petrochemical Company
Country:
Iran
Address:
Unit 14, 3rd Floor, No. 22, 5th Alley, Vozara St (Khalede Eslamboli), District 6, Tehran, Iran
Website:
www.pgapco.ir
E-mail:
info@pgapco.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;