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Morvarid Petrochemical Company

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    United States sanctions related to Iranian petrochemical trade

    In late October 2020, the United States Treasury Department sanctioned Morvarid Petrochemical Company as part of an action involving Iranian entities alleged to have participated in purchasing and selling Iranian petrochemical products. The department stated that the entities formed part of a network used by the Iranian regime to support terrorist groups. The designation affects the company's ability to conduct transactions involving United States persons and the broader international financial system.

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