Fanavaran Petrochemical Company
30°27′57″N 49°01′22″E / 30.4658°N 49.0228°E
| Company type | Public company |
|---|---|
| TSE: PFAN1 ISIN: IRO1PFAN0001[1] | |
| Industry | Petrochemical industry |
| Founded | 1998 |
| Headquarters | Mahshahr, Iran |
| Products | Methanol Acetic acid Carbon monoxide |
| Owner | 51% Tamin Petroleum and Petrochemical Investment Company |
| Website | www |
Fanavaran Petrochemical Company (Persian: شرکت پتروشیمی فنآوران, romanized: Sherkat-e Petroshimi-ye Fan-Avaran) is an Iranian petrochemical company in Bandar-e Emam Khomeyni, Khuzestan, which was established 1998.[2][3][4][5][6][7][8][9][10][11][12]
Overview
[edit]Established in 1998 in Khuzestan province on 25 hectares next to the Persian Gulf coast of the Bandar-e Emam Khomeyni Petrochemical Special Economic Zone, Fanavaran Petrochemical Company was founded by the National Petrochemical Company. On October 22, 2007, as part of the privatization policies, the National Petrochemical Company transferred the ownership and management of this company to the private sector. After that, the shares of Fanavaran Petrochemical under the name of "PFAN1" became tradable in the Tehran Stock Exchange for individuals and other companies.[13][14]
Products and Exports
[edit]Methanol, acetic acid, and carbon monoxide are three products produced by Fanavaran Petrochemical Company. Part of these petrochemical products is sold as feed in the Petrochemical special economic zone of Bandar-e Emam Khomeyni to other petrochemical companies, such as Bandar Imam Petrochemical. Another part of its products, especially acetic acid, is exported to China, India, Iraq, Uzbekistan, Azerbaijan, Turkey, and Syria.[15][16]
Sanctions
[edit]In 2022, the United States Treasury Department sanctioned Fanavaran, Kharg, and Marun petrochemical company in order to target the export of Iranian prochemical products.[17][18][19][20][21][22][23][24][25]
Notes
[edit]- ^ "Fanavaran Petrochemical, акция обыкновенная (IRO1PFAN0001, PFAN1)". InvestFunds.ru (in Russian). Retrieved September 29, 2024.
- ^ "Fanavaran Petrochemical Co. (FNPC)". iranoilgas.com. Retrieved September 29, 2024.
- ^ "Fanavaran Petrochem Company's Profit Rises by 53 Percent". Financial Tribune. July 5, 2023. Retrieved September 29, 2024.
- ^ "Feasibility Studies on Track for Fanavaran Petrochem Co. Percent". Financial Tribune. October 22, 2018. Retrieved September 29, 2024.
- ^ "Sales of Iran's Fanavaran petrochemical company grow". Trend News Agency. September 7, 2024. Retrieved September 29, 2024.
- ^ "Tehran makes slow progress in assets sale". Financial Times. February 11, 2008. Retrieved September 29, 2024.
- ^ "Fanavaran Petrochemical Company to Complete Methanol Value Chain". Financial Tribune. October 11, 2022. Retrieved September 29, 2024.
- ^ "Iran's petrochemical chief woos foreign investors with $150b projects". Shana Petro Energy Information Network. September 5, 2023. Retrieved September 29, 2024.
- ^ "Iran, Chinese consortium sign petrochemical MoU". Shana Petro Energy Information Network. September 5, 2023. Retrieved September 29, 2024.
- ^ "Iran, Chinese consortium sign petrochemical MoU". Mehr News Agency. September 5, 2023. Retrieved September 29, 2024.
- ^ "Iran, China Sign MoU in Petrochemicals". egyptoil-gas.com. September 5, 2023. Retrieved September 29, 2024.
- ^ "Iran makes German-monopolized catalyst". IRNA. May 11, 2024. Retrieved September 29, 2024.
- ^ "Iran prioritizes 60 privatization-bound petrochemical companies". Tehran Times. September 27, 2007. Retrieved September 29, 2024.
- ^ "About us". Fanavaran Petrochemical Company. Retrieved September 29, 2024.
- ^ "FANAVARAN PETROCHEMICAL". arena-petrogas.com. Retrieved September 29, 2024.
- ^ "Fanavaran Petrochemical Company Public Joint Stock (Iran)". emis.com. August 2, 2024. Retrieved September 29, 2024.
- ^ "Sanctions List Search". OFAC. Retrieved September 29, 2024.
- ^ "Fanavaran Petrochemical Company". Open Sanctions. Retrieved September 29, 2024.
- ^ "FANAVARAN PETROCHEMICAL COMPANY". LURSOFT. Retrieved September 29, 2024.
- ^ "Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales". U.S. Department of the Treasury. June 16, 2022. Retrieved September 29, 2024.
- ^ "US sanctions Iran petrochemical network". TV7 Israel News. June 20, 2022. Retrieved September 29, 2024.
- ^ "U.S. pressures Iran by targeting Chinese, UAE companies". Reuters. June 17, 2022. Retrieved September 29, 2024.
- ^ "US pressures Iran by targeting Chinese, UAE companies". The Indian Express. June 17, 2022. Retrieved September 29, 2024.
- ^ "US pressures Iran by targeting Chinese, UAE front companies". Arab News. June 17, 2022. Retrieved September 29, 2024.
- ^ "US continues crackdown on Iranian petroleum exports with fresh round of sanctions". TradeWinds. February 9, 2023. Retrieved September 29, 2024.
