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Persian Gulf Petrochemical Industry Commercial Co.

On the SDN listEntityNPWMDIFSR

Persian Gulf Petrochemical Industry Commercial Co. (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Programs: NPWMD, IFSR. Addresses on file in: Iran. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Iran has 981 entities, vessels or aircraft with an address on the SDN list, ranking #2 among all countries. Other sanctioned entities with an address in Tehran 158489331 are listed below.

Sanctions programs

Non-Proliferation of Weapons of Mass Destruction (NPWMD) NPWMD

Program based on Executive Order 13382 (2005) targeting those who develop or supply nuclear, chemical, biological or ballistic missile programs, and their procurement and financing networks.

Iranian Financial Sanctions Regulations (IFSR) IFSR

This tag means the entity is subject to the Iranian Financial Sanctions Regulations. A foreign financial institution that conducts or facilitates significant transactions for it can lose access to the U.S. financial system.

Also known as

  • PERSIAN GULF PETROCHEMICAL INDUSTRIES COMMERCIAL COMPANY · aka
  • PERSIAN GULF PETROCHEMICAL INDUSTRY-COMMERCIAL COMPANY · aka
  • PERSIAN GULF PETROCHEMICAL INDUSTRY COMMERCIAL · aka
  • PGPICC · aka

Addresses on file

  • No. 38, Karimkhan Zand Boulevard, Haft Tir Square, Tehran 158489331, Iran
  • P.O. Box 1584851181, Tehran, Iran

OFAC remarks

Website www.pgpicc.com; Additional Sanctions Information - Subject to Secondary Sanctions; Registration Number 476760 (Iran); Linked To: PERSIAN GULF PETROCHEMICAL INDUSTRY CO.

Frequently asked questions

What does it mean that Persian Gulf Petrochemical Industry Commercial Co. is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Persian Gulf Petrochemical Industry Commercial Co.?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.