Taban Farda Petrochemical Group is identified as a State-Owned Enterprise

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Taban Farda Petrochemical Group

Taban Farda Petrochemical Group

Morvarid Petrochemical

Morvarid Petrochemical

Persian Gulf Petrochemical Industry Commercial Co.

Persian Gulf Petrochemical Industry Commercial Co.

Based in Tehran, Iran, Taban Farda Petrochemical Group Company is a Public Limited Company that was established in 2006. The organisation operates in the Chemicals sector. The organisation is owned by Iranian based enterprises. It currently has 9 branches, subsidiaries and associated companies. This entity is identified as a State-Owned Enterprise (SOE).

According to reports Taban Farda Petrochemical Group owns 8.5% of Persian Gulf Petrochemical Industry Commercial Co.

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).

ifmat - Taban Farda shareholder at PGPIC


Shareholders of Sepahan Oil Company are:
1- Taban Farda Petrochemical Group Company – Public Joint Stock Company
2- Taban Farda Petrochemical Group Company – General Joint Stock Company

3- Taban Farda Investment Company
4- State Pension Fund Company – Public Joint Stock Company
5- Eurasian Economic Tadbirgaran Company

Sepahan Oil Company (SOC), established in 2002, is an oil refining independent company based in Tehran with its refining facilities located in Isfahan. In 2013, SOC began offering shares of stock on Tehran Stock Exchange. With the annual production capacity of more than 700,000 MT, SOC is now the largest producer of base oil in the Middle East. Under the brand name of Speedy, the company is one of the main producers of diesel and engine oils in the Mideast as well.

ifmat - Taban Farda shareholder at Sepahan Oil Company


Taban Farda Petrochemical Group owns 16.3% of Fanavaran Petrochemical Co. Shareholders of Fanavaran Petrochemical Co.:

1. Tamin Oil & Gas & Petrochemical (49.2%)
2. Civil Pension Inves‌tment Co. (16.3%)
3. Other Shareholders (18.2%)
4. Taban Farda Petrochemical Group (16.3%)

ifmat - Taban Farda Shareholder at Fanavaran Petrochemical


Taban Farda Petrochemical Group owns 39.01% of Khark Petrochemical Co. Khark Petrochemical Co. is registered as a public company with a capital of 6000 billion Rials. The major shareholders are:

1-Taban Farda Investment Co. (public), 39.01%
2-Tamin Petroleum & Petrochemical Investment Co. (public), 18.58%
3-Civil Pension Fund Investment Co. (public), 12.91%
4-Bank Employees Pension Fund Co., 10.11%
5-Fanavaran Petrochemical Co. (public), 4.332%
6-Atiyeh Saba Investment co., 3.61%
7-Other real and legal persons, 11.46%

ifmat - Khark Petrochemical Ownership


Iranian petrochemical firm Morvarid Petrochemical (Morvarid) hold a substantial presence in the Iranian petrochemicals market. Shareholders of Morvarid Petrochemical are:

1- Petro Farhang Company- 46.55 %
2- Taban Farda Petrochemical Group Company- 34 %
3- Tamin Oil & Gas & Petrochemical Investment Company- 17 %
4- Retirement Funds, Savings And Welfare Of The Oil Industry Staff- less than 1 %
5- Persian Oil & Gas Development Group Company- less than 1 %
6- Educational Industry Company- less than 1 %
7- Ahdaf Investment Company – less than 1 %

Morvarid is being designated, pursuant to E.O. 13846, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Triliance. In January 2020, OFAC sanctioned Triliance and three other petrochemical and petroleum companies that collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), which provides financial support or services to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxies. Morvarid has used multiple Chinese companies to enable and hide the sale and purchase of Iranian petrochemical products;


Taban Farda Petrochemical Group is working in Iranian oil and Gas Industry. Oil Industry in Iran is controlled by the terrorist organization IRGC. Income from oil industry, IRGC uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop weapons of mass destruction and new ballistic missiles. The cooperation and coordination between the IRGC-QF and these entities extends well beyond the simple sale of oil, including coordination between NIOC and the Central Bank of Iran to facilitate the collection of tens of millions of dollars in proceeds from the sale of oil that benefitted the IRGC-QF.

Working with these entities 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 these entities means supporting Iranian Regime, Regime Terrorist Activities & development of WMD.

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