Petrochemical Industries Development Management

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:
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;


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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.