Info:
The gas refinery project aimed at increasing financial incomes and improving the scientific, technical, economic and social level, increasing the amount of sweet gas produced, reducing the consumption of petroleum products and replacing it with natural gas, propane and butane, and gas condensate production, Exports of peripheral products, urban gas supply, supplies of petrochemical plants and employment in a land plot with a total area of 244 hectares of the refinery and 60 hectares of Mahshahr storage facilities funded by the Persian Gulf Petrochemical Company as a major shareholder and development fund National and through the Syndicate of Sepah Bank, Nation, Trade, Industry and Mining It is under construction with Sepah Bank;
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 Bidboland Gas Treating Company
Persian Gulf Bid Boland Gas Refinery Company
Country:
Iran
Address:
Unit 501, Fifth Floor, Block 8, Shahid Beheshti Street, Ahmad Qasir, Bukharest Avenue 1513645311, Iran
Website:
www.pgbidboland.ir
E-mail:
info@pgbidboland.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;