Chemicals

AGFA's website lists an office in Tehran, Iran. 

Iranian oil, gas, petrochemical and power industries services company Petrokalooj cites BOTH-WELL as a supplier on its website.

Zhenhai Refining & Chemical Co., Ltd. is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.

In June 2020, Bongaigaon Refinery was listed by the Connecticut Office of the Treasurer as a restricted company and therefore prohibits direct investment in the company due to its involvement in Iran. 

"China National Chemical reportedly has construction projects in Iran. In 2020, CalSTRS identified China National Chemical as potentially having ties to Iran and began the review process."

"Triliance used Dynapex Energy – Chinese entity based in Hong Kong, to facilitate the shipment and resale of tens of thousands of metric tons of petrochemical products worth millions of dollars to an Asian country;

In January 2020, OFAC sanctioned Triliance and three other petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), which helps to finance Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxies. Iran’s petroleum and petrochemical industries are major sources of revenue for the Iranian regime and fund its malign activities throughout the Middle East. Triliance has used various front companies to purchase, or facilitate the purchase and movement of, petrochemical products from Iran, and the entities targeted today help facilitate Iran’s petrochemical and petroleum exports in contravention of U.S. economic sanctions;" (U.S. Treasury, "Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals," 9/3/2020).

"Triliance used Jingho Technology Co. Limited Chinese entity based in Hong Kong, to facilitate the shipment and resale of tens of thousands of metric tons of petrochemical products worth millions of dollars to an Asian country;

In January 2020, OFAC sanctioned Triliance and three other petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), which helps to finance Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxies. Iran’s petroleum and petrochemical industries are major sources of revenue for the Iranian regime and fund its malign activities throughout the Middle East. Triliance has used various front companies to purchase, or facilitate the purchase and movement of, petrochemical products from Iran, and the entities targeted today help facilitate Iran’s petrochemical and petroleum exports in contravention of U.S. economic sanctions." ( (U.S. Treasury, "Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals," 9/3/2020).

"In March 2020, Iranian company Zagros Petrochemical Company (Zagros) agreed to sell Triliance hundreds of thousands of metric tons of Iranian petrochemicals during the year 2020. Triliance used Petrotech FZE (Petrotech), a UAE-based entity, as a purchaser of the petrochemical products it purchased from Zagros. Triliance used Petrotech to hide its involvement in petrochemical deals, including directing other companies to bill to Petrotech rather than Triliance. Petrotech has purchased tens of thousands of tons of petrochemicals from Zagros on behalf of Triliance.

Triliance uses numerous other companies to hide its involvement in petrochemical sales. Triliance used UAE-based Trio Energy DMCC (Trio Energy) to broker the sales of tens of thousands of metric tons of petroleum products, using Trio Energy accounts to settle fees owed by Triliance. Likewise, Triliance used Jingho Technology Co. Limited and Dynapex Energy Limited, both Chinese entities based in Hong Kong, to facilitate the shipment and resale of tens of thousands of metric tons of petrochemical products worth millions of dollars to an Asian country." (U.S. Treasury, "Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals," 9/3/2020).

"In March 2020, Iranian company Zagros Petrochemical Company (Zagros) agreed to sell Triliance hundreds of thousands of metric tons of Iranian petrochemicals during the year 2020. Triliance used Petrotech FZE (Petrotech), a UAE-based entity, as a purchaser of the petrochemical products it purchased from Zagros. Triliance used Petrotech to hide its involvement in petrochemical deals, including directing other companies to bill to Petrotech rather than Triliance. Petrotech has purchased tens of thousands of tons of petrochemicals from Zagros on behalf of Triliance." (U.S. Treasury, "Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals," 9/3/2020). 

"Wacker Chemie AG reportedly provides products in Iran. In 2019, CalSTRS identified Wacker Chemie AG as potentially having ties to Iran and began the review process. In 2020, CalSTRS removed Wacker Chemie AG after reviewing the company’s internal controls to prevent sanction violations."

--

In 2019, the California State Teachers’ Retirement System (“CalSTRS”) identified Wacker Chemie as reportedly providing products in Iran and began the review process.