US sanctions network of Iranian petrochemical producers, front companies
( June 16, 2022, 15:27 GMT | Official Statement) -- MLex Summary: The US Treasury Department said it has sanctioned a network of Iranian petrochemical producers, as well as front companies in the People’s Republic of China and the United Arab Emirates that support Triliance Petrochemical Co. Ltd. and Iran’s Petrochemical Commercial Company, entities instrumental in brokering the sale of Iranian petrochemicals abroad. Marun Petrochemical Company is a commercial supplier of petrochemicals to Triliance, while Kharg Petrochemical Company Limited and Fanavaran Petrochemical Company has sold Iranian petrochemicals to Triliance, which was designated by the US on Jan. 23, 2020.Statements follow below:...
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