PGPICC, in cooperation with Treasury-sanctioned Iranian petrochemical broker Petrochemical Commercial Company (PCC), has used Shekufei to facilitate the sale of tens of millions of dollars’ worth of Iranian-origin petrochemical and petroleum products for onward shipment to buyers in East Asia.
PGPICC has used Shekufei’s bank accounts to collect millions of dollars’ worth of proceeds from these sales.
Shekufei is being designated pursuant to E.O. 13846 for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, PGPICC;
PGPICC was designated pursuant to E.O. 13382, a counterproliferation authority, on July 7, 2019, for being owned or controlled by PGPIC. PGPIC was itself designated pursuant to E.O. 13382 that same day for having provided financial support to Khatam al-Anbiya, the engineering conglomerate of Iran’s Islamic Revolutionary Guard Corps (IRGC).
Also Known As:
Shekufei International Trading Co., Limited
Shekufei International Trading Company
Organization Established Date:
03 Jun 2021
Room 3224 Qinghai Building, Tiangqing Village, Tin Shui Wai Yuen Long District, Hong Kong, China
3054573 (Hong Kong)
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 1, 2022 pursuant to Executive Order 13846 for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, PGPICC;