Iran Free Procurement List by the Pennsylvania Department of General Services
The Iran Free Procurement List, provided by the Pennsylvania Department of General Services, identifies certain products and services that are exempt from restrictions when dealing with Iran. This list aims to help organizations ensure they follow state regulations while engaging in procurement activities. By referencing this list, organizations can confidently navigate the procurement process, minimizing legal risks and maintaining ethical standards. It is crucial for businesses to stay informed about allowable transactions to comply with relevant laws and guidelines.
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34 Entities in Iran Free Procurement List by the Pennsylvania Department of General Services
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
JNK Heaters Co Ltd | Company | Oct 17, 2022 | active |
DK Tech Corporation | Company | Oct 17, 2022 | active |
China National Petroleum Corporation | Company | Oct 17, 2022 | active |
Open Joint Stock Company Gazprom | Company | Oct 17, 2022 | active |
The Siam Cement Public Company Limited | Company | Oct 17, 2022 | active |
Indian Oil Company Ltd | Company | Oct 17, 2022 | active |
China Oil | Company | Oct 17, 2022 | active |
Amona | Company | Oct 17, 2022 | active |
Belneftkhim | Company | Oct 17, 2022 | active |
Petroliam Nasional Berhad Petronas | Company | Oct 17, 2022 | active |
FAQs
Why is compliance with the Iran Free Procurement List by the Pennsylvania Department of General Services necessary?
Compliance with the Iran Free Procurement List by the Pennsylvania Department of General Services is essential to uphold legal and ethical standards in procurement processes. This list aims to prevent the facilitation of trade and resources that may benefit entities associated with Iran's destabilizing activities. By adhering to these regulations, organizations not only mitigate the risk of legal repercussions but also contribute to broader efforts in promoting global security and human rights. Ensuring compliance protects both reputation and integrity in business operations.
Which companies should comply with Iran Free Procurement List by the Pennsylvania Department of General Services?
The Iran Free Procurement List by the Pennsylvania Department of General Services affects companies engaged in procurement activities within the state. Industries such as construction, manufacturing, technology, and government contracting must comply to avoid engaging in transactions with entities linked to Iran. Compliance is crucial to uphold state and federal regulations designed to prevent unlawful trade and maintain national security.
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