Taban Farda Petrochemical Group

Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
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).

According to reports Taban Farda Petrochemical Group owns shares of Sepahan Oil 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;

Taban Farda Petrochemical Group owns 16.3% of Fanavaran Petrochemical Co., 39.01% of Khark Petrochemical Co. and 34 % of Morvarid Petrochemical;

– 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;

Industry:
Investment Companies

Also Known As:
Taban Farda Petrochemical Group Company

Country:
Iran

Address:
Tehran

Reason for the color:
» Taban Farda Petrochemical Group is identified as a State-Owned Enterprise;


You May Be Interested

IFMAT Color Guide

×
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.