U.S. imposes sanctions on Iranian regime’s petrochemical industry

NCRI- The U.S. Department of Treasury on Friday blacklisted companies involved in the Iranian regime’s petrochemical industry which U.S. official said is the largest source of foreign earnings for the regime’s nuclear program after oil sales.

It was the first time that U.S. has sanctioned the petrochemical industry. In addition, the U.S. State Department imposed sanctions on a food and beverage company Gulf for “knowingly engaging” in a transaction for the purchase of petrochemical products from Iranian regime.

The Treasury Department also cited companies in Kyrgyzstan, Ukraine and the United Arab Emirates, saying they leased aircraft that two Iranian carriers used to move “illicit cargo” to help the Syrian regime fight its opposition.

The Treasury Department blacklisted petrochemical companies owned or controlled by the Iranian regime that include:

BANDAR IMAM PETROCHEMICAL COMPANY, Tehran, Iran
BOU ALI SINA PETROCHEMICAL COMPANY, Iran
JAM PETROCHEMICAL COMPANY, Assaluyeh, Boushehr Province, Iran
MOBIN PETROCHEMICAL COMPANY, Assaluyeh, Bushehr, Iran
NOURI PETROCHEMICAL COMPANY Bushehr, Iran
PARS PETROCHEMICAL COMPANY, Bushehr, Iran
SHAHID TONDGOOYAN PETROCHEMICAL COMPANY, Iran
SHAZAND PETROCHEMICAL COMPANY, Tehran, Iran
TABRIZ PETROCHEMICAL COMPANY, Tabriz, Iran