Info:
Manufactures high density polyethylene, linear low density polyethylene, polyethylene wax, polypropylene, poly butadiene rubber, 2-ethyl hexanol, iso butanol, acetic acid, vinyl acetate monomer, ethylene oxide, ethyleneglycols, ethanolamine, butadiene, butane raffinate, cracked fuel oil, and chlorinated paraffin;
Shareholders reportedly have included Bank Melli Iran Investment Co., Bank Melli Iran Investment Management Co., and Tose Melli Investment Co.; owns Ardabil Petrochemical Company; main shareholder of Petrochemiran Company; has invested in Bakhtar Petrochemical Company; holds shares in Lavan Petrochemical Company;
Consists of 18 production plants; its research and development center includes facilities for gas, gel permeation and differential scanning chromatography, mass spectroscopy, and atomic absorption; Reza Rahmani has served as managing director and a board member;
Reportedly became a public company in 1999;
Involved In:
Nuclear Weapon Program
Also Known As:
AR.P.C.
Shazand Petrochemical Corporation
Arak Petrochemical Company
Industry:
Oil Industry
Established:
1987
Country:
Iran
Address:
No. 68, Taban St., Vali Asr Ave., Tehran, Iran
Reason for the color:
» As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;
» 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;