Also Known As:
Shazand Petrochemical Company
Shazand Petrochemical Corporation
Arak Petrochemical Co
Arak Petrochemical Complex
No. 3, Taban St., Vali-e-Asr Av. Tehran-Iran (Head Office)
1968913751 (Postal Code, Head Office)
Km 22 of Arak-Boroujerd Road, Arak - IRAN (Complex)
P.O. Box 575, Arak, Iran (Complex)
22nd Km. of Borujerd Rd., Arak - 38100 Iran
No. 3, Taban St., Vali-e-Asr Av Tehran, 15996 Iran
No. 3 West Taban Ave After Mirdamad Street Vanak Sq Tehran 15996 Iran
No. 767, Hafez Cross Rd., Enghelab Ave., Tehran 15996, Iran
+98 21 82 120 (Operator, Head Office) , +98 21 88 61 47 20 (Head Office) , +98 861 328 70 11-21 (Complex) , 1 861 328 5006 , 98 (21) 8867 4130 , 98 (21) 8867 4120 , 98 (21) 8867 4127 , (+98681) 200.05 , +?98 FX 2287011-21 , +98 FX 33130634 , 8807715-6 , 8807909 , (+98-21) 8807715-17
+98 21 88 67 41 10 (Head Office) , +98 861 328 50 06 (Complex) , 98 (21) 880 7044 , 98 (21) 8867 4126 , 615.33.48 , +98 66153348 , 8800720 , (+98-21) 8807955
Entity Web Site:
Manufactures high density polyethylene, linear low density polyethylene, polyethylene wax, polypropylene, poly butadiene rubber, 2-ethyl hexanol, iso butanol, acetic acid, vinyl acetate monomer, ethylene oxide, ethyleneglycols, ethanolamine, butadiene, butane raffinate, cracked fuel oil, and chlorinated paraffin.
Shareholders reportedly have included Bank Melli Iran Investment Co., Bank Melli Iran Investment Management Co., and Tose Melli Investment Co.; owns Ardabil Petrochemical Company; main shareholder of Petrochemiran Company; has invested in Bakhtar Petrochemical Company; holds shares in Lavan Petrochemical Company.
Consists of 18 production plants; its research and development center includes facilities for gas, gel permeation and differential scanning chromatography, mass spectroscopy, and atomic absorption; Reza Rahmani has served as managing director and a board member; reportedly established in 1987; reportedly became a public company in 1999.
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
Previously added to the SDN list on May 31, 2013, pursuant to Executive Order 13599; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.
Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, and has had export licenses both granted and denied by that government; removed in 2017 after the U.K. withdrew its Iran list.