Nouri Petrochemical Company
Nouri Petrochemical Company is a PGPIC subsidiary operating a petrochemical facility in Asaluyeh, Bushehr Province, Iran. It produces paraxylene and heavy ends for the aromatics value chain. The company is relevant to buyers and suppliers assessing Asaluyeh-based petrochemical activity, but its OFAC SDN designation is a central constraint on commercial engagement.
Operations & footprint
Products and services
Nouri Petrochemical Company is an aromatics-focused petrochemical producer in Asaluyeh, associated with products such as paraxylene, benzene, orthoxylene, heavy aromatics, and related hydrocarbon streams. Its product base connects South Pars-linked feedstock, petrochemical conversion, export-oriented materials, port logistics, and downstream chemical and polymer supply chains.
Operations and assets
Petrochemical production operations in Asaluyeh producing paraxylene and heavy ends. The company stated that output reached 114% of capacity in 2023.
Geographic footprint
Asaluyeh, Bushehr Province, Iran.
Ownership & group structure
Ownership
Subsidiary of Persian Gulf Petrochemical Industries Company (PGPIC).
Parent company
Persian Gulf Petrochemical Industries Company (PGPIC).
Reported scale
Scale note: The company stated that revenue increased 48% in 2023; no revenue base or currency was provided in the available materials.
Commercial and investment relevance
In the Hormuz investment graph, Nouri Petrochemical Company links South Pars-related feedstock, aromatics production, downstream chemical demand, Persian Gulf export logistics, and listed petrochemical-market signals. It is useful for screening Iran’s higher-value petrochemical chains, export exposure, materials pricing, and Asaluyeh cluster economics. For analysts, it functions as a reference asset for aromatic intermediates and petrochemical export capacity, while any commercial interpretation requires verification of current product flows, counterparties, disclosure data, sanctions exposure, and feedstock arrangements. The company supplies aromatics-chain products from the Asaluyeh petrochemical cluster. It is relevant to counterparties assessing paraxylene availability and to suppliers serving production operations, subject to sanctions screening and transaction controls.
Constraints, risk & compliance
Key risks and constraints
Operations are concentrated at a single Asaluyeh site. The company’s product exposure is concentrated in paraxylene and heavy ends, and its U.S. SDN designation materially constrains eligible counterparties, payment channels and transaction structures.
Sanctions and compliance considerations
Nouri Petrochemical Company has been listed by the U.S. Treasury Department’s Office of Foreign Assets Control on the Specially Designated Nationals (SDN) List since 20 January 2023. Transactions involving U.S. persons or a U.S. nexus require specialist sanctions review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Nouri Petrochemical Company produce?
Nouri Petrochemical Company produces paraxylene and heavy ends at its Asaluyeh petrochemical operations.
Where is Nouri Petrochemical Company located?
The company operates in Asaluyeh, Bushehr Province, Iran.
Who owns Nouri Petrochemical Company?
Nouri Petrochemical Company is a subsidiary of Persian Gulf Petrochemical Industries Company (PGPIC).
Is Nouri Petrochemical Company sanctioned?
Yes. Nouri Petrochemical Company has been on the U.S. Treasury Department OFAC Specially Designated Nationals (SDN) List since 20 January 2023.