Info:
Petrochemical Industries Development Management Company, was established in 1994 as a state-owned corporation in order to implement petrochemical development projects and to take advantage of the experiences gained from executing various phases of Iranian petrochemical projects; it is specialized in providing services in various sectors including engineering, procurement, Construction and installation, commissioning and managing projects in industrial and infrastructural fields. Considering the privatization process in petrochemical industries in 2013, PIDMCO was assigned to private sector as a subsidiary of Persian Gulf Petrochemical Industries Company (Holding), and revised its mission and vision statements and improved its activities in implementing petrochemical industry’s development plans by increasing its abilities and competencies;
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;
Ongoing Projects:
Land Extraction Project 50 hectares
Procurement of goods and spare parts required by Bandar Imam Petrochemical Company
Purchase of Nouta Boal Sina Petrochemical Smoothing Cutting Service
Olefin Units and Desulphurization plants of Ilam Petrochemical Co
PP project, Petro Iranian Downstream Industries development Co
HDPE Project, Dehdasht Petrochemical Co
Persian Gulf Bid-Boland Gas Refinery Project
LTE splitting project, Nouri petrochemical Co
Ammonia and Urea project, Hengam Petrochemical Co
Methanol Project, Persian Gulf Apadana Petrochemical Co.
Light Naphta Cut Sweetening Project, Bu-Ali Sina Petrochemical Co
Ammonia plan and Urea Fertilizer Company Urea Hormoz
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Petrochemical Industries Development Management Company
PIDMCO
Country:
Iran
Address:
Karim Khan Zand Street, Haft Tir Square, Tehran, Iran
Website:
www.pidmco.ir
E-mail:
info@pidmco.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;