PETROCHEMICAL COMMERCIAL CO. LTD

NIOC HOUSE, 4 VICTORIA STREET, LONDON, SW1H ONE, GB

https://www.bis.gov/licensing/end-user-guidance/denied-persons-list-dpl

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of Iranian petrochemical producers, as well as front companies in the People’s Republic of China (PRC) and the United Arab Emirates (UAE) that support Triliance Petrochemical Co. Ltd. (Triliance) and Iran’s Petrochemical Commercial Company (PCC), entities instrumental in brokering the sale of Iranian petrochemicals abroad. This network helps effectuate international transactions and evade sanctions, supporting the sale of Iranian petrochemical products to customers in the PRC and the rest of East Asia. Today’s action is being taken pursuant to Executive Order (E.O.) 13846 and builds upon past designations of Triliance and PCC. Triliance was designated pursuant to E.O. 13846 on January 23, 2020, for facilitating the sale of Iranian petrochemical and petroleum products worth hundreds of millions of dollars from the National Iranian Oil Company (NIOC) to foreign customers, including in the PRC. PCC was identified pursuant to E.O. 13599 on November 5, 2018, for being wholly owned by the Government of Iran.

US

NEW

https://home.treasury.gov/news/press-releases/jy0819

2005-05-06

US

Denied Persons List (DPL) - Bureau of Industry and Security

BIS Export Control

Denial of export privileges

Other export restrictions

The Denied Persons List contains the names and addresses of individuals and entities located in the United States and overseas subject to a denial of export privileges. Any dealings with a person or entity on this list that would violate the terms of the denial order are prohibited. See Section 764.3(a)(2) of the EAR.

• BIS, "Don’t Let This Happen to You!", a compendium of case examples highlighting BIS criminal and administrative enforcement efforts: link