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U.S. slaps sanctions on Iran's petrochemical industry

English.news.cn   2013-06-01 04:01:00            
 • U.S. Treasury Department announced sanctions on eight Iranian petrochemical companies.
 • The eight companies are "owned or controlled by the government of Iran."
 • 2 companies were sanctioned for "knowingly" engaging in purchase of petrochemical products from Iran.

WASHINGTON, May 31 (Xinhua) -- The U.S. government on Friday slapped sanctions on Iran's petrochemical industry as part of its efforts to intensify the squeeze on Tehran's economy.

In a written statement, the Treasury Department announced sanctions on eight Iranian petrochemical companies that are "owned or controlled by the government of Iran."

Specifically, these targeted companies included Bandar Imam Petrochemical Company, Bou Ali Sina Petrochemical Company, Mobin Petrochemical Company, Nouri Petrochemical Company, Pars Petrochemical Company, Shahid Tondgooyan Petrochemical Company, Shazand Petrochemical Company, and Tabriz Petrochemical Company, according to the statement.

Meanwhile, the State Department also sanctioned two companies for "knowingly" engaging in the purchase of petrochemical products from Iran.

At a regular briefing, State Department spokesperson Jen Psaki said the two listed companies are identified as Jam Petrochemical Company and Niksima Food and Beverage JLT.

"These actions underscore U.S. resolve to cut off funds from the Iranian petrochemical sector, as the second-largest revenue source for Iran's illicit nuclear program," she told reporters.

Related:

U.S. slaps new sanctions on Iran over weapon programs

WASHINGTON, May 23 (Xinhua) -- The U.S. government on Thursday slapped new sanctions on Iran's 20 individuals and entities for their involvement in Tehran's nuclear and missile programs.

In a written statement, the Department of Treasury accused these individuals and entities of "moving supplies and providing essential services to Iran's clandestine nuclear and weapons programs." Full story

Presidential candidate says committed to defend Iran's "peaceful nuclear rights"

TEHRAN, May 28 (Xinhua) -- Iranian reformist presidential candidate Mohammad-Reza Aref said Tuesday that he will defend Iran 's "peaceful nuclear rights" if he wins the presidential election on June 14.

Peaceful use of nuclear technology is Iran's strategic policy and he will be committed to this principle, said Aref who was Iran 's first vice president from 2001 to 2005 under former reformist President Mohammad Khatami. Full story

Editor: Fu Peng
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