Persian Gulf Petrochemical Industries

Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Provides support to Khatam Al-Anbiya and Terrorist Organization IRGC;

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 and its group of subsidiary petrochemical companies hold 40 percent of Iran’s total petrochemical production capacity and are responsible for 50 percent of Iran’s total petrochemical exports;

In 2018, Iran’s Ministry of Petroleum awarded the IRGC’s Khatam al-Anbiya ten projects in oil and petrochemical industries worth the equivalent of 22 billion dollars, a value four times the official budget of the IRGC. In late 2016, Iran’s Minister of Petroleum asked the IRGC’s Khatam al-Anbiya to increase its investment and presence across Iran’s oil and petrochemical industries;

This extensive network of petrochemical companies represents Iran’s most profitable petrochemical holding. Its parent corporation, 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;

OFAC is designating PGPIC for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services to or in support of, Khatam al-Anbiya, a person whose property and interests in property are blocked pursuant to Executive Order (E.O.) 13382, which authorizes sanctions on WMD proliferators and their supporters;

The IRGC and its major holdings, such as the Basij Cooperative Foundation and Khatam al-Anbiya, have a dominant presence in Iran’s commercial and financial sectors, controlling multi-billion dollar businesses and maintaining extensive economic interests in the defense, construction, aviation, oil, banking, metal, automobile and mining industries, controlling multi-billion dollar businesses. The profits from these activities support the IRGC’s full range of nefarious activities, including the proliferation of weapons of mass destruction (WMD) and their means of delivery, support for terrorism, and a variety of human rights abuses, at home and abroad;

The following are Iran-based PGPIC subsidiary petrochemical companies that OFAC is also designating pursuant to E.O. 13382 for being owned or controlled by PGPIC:

– Arvand Petrochemical Company
– Bandar Imam Abniroo Petrochemical Company
– Bandar Imam Besparan Petrochemical Company
– Bandar Imam Faravaresh Petrochemical Company
– Bandar Imam Kharazmi Petrochemical Company
– Bandar Imam Kimiya Petrochemical Company
– Bandar Imam Petrochemical Company
– Bu Ali Sina Petrochemical Company
– Fajr Petrochemical Company
– Hengam Petrochemical Company
– Hormoz Urea Fertilizer Company
– Iranian Investment Petrochemical Group Company
– Iranian Petrochemical Investment Development Management Company
– Karoun Petrochemical Company
– Khouzestan Petrochemical Company
– Lordegan Urea Fertilizer Company
– Mobin Petrochemical Company
– Modabberan Eqtesad Company
– Nouri Petrochemical Company
– Pars Petrochemical Company
– Pazargad Non Industrial Operation Company
– Persian Gulf Apadana Petrochemical Company
– Persian Gulf Bid Boland Gas Refinery Company
– Persian Gulf Petrochemical Industry Commercial Co. (PGPICC)
– Persian Gulf Fajr Yadavaran Gas Refinery Company
– Petrochemical Industries Development Management Company
– Rahavaran Fonoon Petrochemical Company
– Shahid Tondgoyan Petrochemical Company
– Urmia Petrochemical Company
– Hemmat Petrochemical Company
– Petrochemical Non-Industrial Operations & Services Co.

OFAC is designating Ilam Petrochemical Company, Gachsaran Polymer Industries, and Dah Dasht Petrochemical Industries pursuant to E.O. 13382 for being owned or controlled by Iranian Investment Petrochemical Group Company, itself being designated for being owned or controlled by PGPIC;

Additionally, the UK-based NPC International and Philippines-based and NPC Alliance Corporation also are being designated by OFAC pursuant to E.O. 13382 for being owned or controlled by PGPIC. OFAC is designating two UAE-based entities that have acted as sales agents for PGPIC and its subsidiaries. Atlas Ocean and Petrochemical is being designated for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services to or in support of, Ilam Petrochemical Company. Naghmeh FZE is being designated for acting for or on behalf of PGPICC;

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);

According to the official website of Persian Gulf Petrochemical Industries shareholders of PGPIC are:
National Petrochemical Company – 18.96%
Justice shares – 40%
Pension fund workers of the oil industry – 11.9%
Oil and gas supply company- 7.62%
Tatan Group Petrochemical Company – 14.71%
Staff preferential stocks – 0.57%
Float stocks on stock exchange – 6.24%

Industry:
Oil and Gas Industry

Also Known As:
Persian Gulf Petrochemical Industries Company
Persian Gulf Petrochemical Industries Co. PLC
Persian Gulf Petrochemical Industry
Persian Gulf Petrochemical Industry Company
PGPIC
PGPICC

Country:
Iran

Address:
No. 38, Avenue Karim Khan Zand Blvd., Hafte Tir Square, Tehran 1584893313, Iran
No. 38, Karim Khan Zand Street, Haft Tir Square, Tehran 1584851181, Iran

Phone:
88309060

Website:
www.pgpic.ir

E-mail:
info@pgpic.ir

Person of interests:
Aydin Khatlon – Board of Directors
Amir Hossein Bahreini – Board of Directors
Save amini – Board of Directors
Jafar Rabiee – Managing Director and Nybri Executive Board
Nosrat Rahimi – Chairman
Mohammad Mehdi Rahmati – Deputy Planning and Development
Mohammad Reza Zaman Zadeh – production manager
Angel mirabzadeh – Manage systems and information management
Javad Goli – Director of Public Relations and International Affairs
Morteza Rahimian – Director of assemblies
Abolfazl Azizi – Management Directorate

Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.