Info:
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;
In November 2017, talks were underway with France’s Axens to provide Nouri Petrochemical Company in southern Bushehr Province with technical expertise to build a special unit to sweeten heavy distillates;
Hamed Wafaei – Board Member – (as a Representative for Nouri Petrochemical company in Mobin Petrochemical Company);
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:
Nouri petrochemical co.
Borzuyeh Petrochemical Company
Nouri Petrochemical Complex
Country:
Iran
Address:
Pars Special Economic Energy Zone, Assaluyeh Port, Bushehr, Iran
Website:
www.bpciran.com
E-mail:
info@bpciran.com
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13599, which targets the government of Iran;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;