Info:
Zagros Petrochemical is a subsidiary of Iranian National Petrochemical Company, entity which is a subsidiary of Iran’s Ministry of Petroleum, responsible for the development and operation of Iran’s petrochemicalsector;
Zagros Petrochemical has ties with Saman Bank. Saman Bank is a privately owned Iranian bank. Saman Bank is actively involved in the transfer of proceeds from the sale of Petrochemical products and oil derivatives to Iran. It has ties with different companies in the Petrochemical industry. A number of such companies are: Persian Gulf Petrochemical Company (affiliated with the IRGC), Parsian Oil and Gas (HQ for the Execution of Imam Khomeini’s Order (HEIKO), Jam Petrochemical Company, Petro Pars, and Zagros Petrochemical Company;
Parsian Oil & Gas Development Company (public joint stock), also known as POGDC, is currently the largest and most important holding company in Iran which runs numerous refineries and petrochemicals complexes. POGDC owns shares in Zagros Petrochemical;
In March 2020, Iranian company Zagros Petrochemical Company (Zagros) agreed to sell Triliance hundreds of thousands of metric tons of Iranian petrochemicals during the year 2020. Triliance used Petrotech FZE (Petrotech), a UAE-based entity, as a purchaser of the petrochemical products it purchased from Zagros. Triliance used Petrotech to hide its involvement in petrochemical deals, including directing other companies to bill to Petrotech rather than Triliance. Petrotech has purchased tens of thousands of tons of petrochemicals from Zagros on behalf of Triliance;
Triliance used Petrotech to hide its involvement in petrochemical deals, including directing other companies to bill to Petrotech rather than Triliance. Petrotech has purchased tens of thousands of tons of petrochemicals from Zagros on behalf of Triliance;
OFAC is also designating Dinrin Limited (Dinrin), a Chinese entity based in Hong Kong used by Zagros to hide its involvement in petrochemical sales to Triliance. Dinrin helped process millions of dollars in proceeds of Zagros’ sale of petroleum products to companies in Asia, including being the beneficiary of a multi-million dollar payment made for a shipment of a petroleum product that Zagros sold to Petrotech;
In January 2020, OFAC sanctioned Triliance and three other petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), which helps to finance Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxies. Iran’s petroleum and petrochemical industries are major sources of revenue for the Iranian regime and fund its malign activities throughout the Middle East. Triliance has used various front companies to purchase, or facilitate the purchase and movement of, petrochemical products from Iran, and the entities targeted today help facilitate Iran’s petrochemical and petroleum exports in contravention of U.S. economic sanctions;
Industry:
Oil Industry
Involved In:
Nuclear Weapon Program
Missile Weapon Program
Also Known As:
Zagros
Zagros Petrochemical Company
ZPC
Country:
Iran
Address:
North Sheikh Bahaie Avenue Sheida Alley, Khoddami Street, Vanak Square, Tehran, Iran
Chamber of Commerce Number:
2869 (Iran)
Registration Number:
148344 (Iran)
Phone:
+98 21-88612100
Website:
www.zpcir.com
E-mail:
info@zpcir.com
Person of interests:
Mohammad Reza Mir Ahmadi – CEO