IRGC Campaign

The purpose of the IRGC Campaign is to identify companies and entities that are owned, operated or controlled by the Islamic Revolutionary Guard Corp (IRGC), and to highlight relationships between these entities and multinational corporations.

The IRGC is the driving ideological, security and military force behind the Iranian regime. The IRGC serves as caretaker of Iran’s ballistic missile and nuclear weapons programs and is the key instrument used to suppress Iran’s internal pro-democracy movement. The IRGC’s elite Qods Force plans terrorist attacks worldwide and provides support to insurgents responsible for killing American and NATO troops in Iraq and Afghanistan. In 2007 the U.S. government sanctioned both the IRGC and the Qods Force for their role in Iran’s ballistic missile and nuclear programs, and acts of terrorism, respectively. Many other IRGC-owned or controlled companies have also been blacklisted by the U.S., EU, UN and other concerned nations.

With support from President Ahmadinejad, the IRGC has assumed a dominant role in the Iranian economy. The IRGC now largely controls the petrochemical, banking, construction and telecommunications sectors in Iran. Estimates of IRGC control of the economy “range from a third to nearly two-thirds of Iran's GDP – amounting to tens of billions of dollars.” The IRGC is estimated to own at least half of Iran’s government-owned companies and control 68 percent of Iran’s total exports.

The IRGC exercises much of its economic control through bonyads, tax-exempt, government subsidized foundations that control large swaths of Iranian industry, and IRGC-owned companies like Khatam al-Anbia, an engineering firm that is one of Iran's leading industrial contractors. Through Khatam al-Anbia, the IRGC has succeeded in assuming a dominant role in Iran’s oil and gas industry as evidenced by the August 2011 appointment of IRGC commander and former Khatam al-Anbia head Rostam Ghasemi as Iran’s Minister of Petroleum.

Many multinationals continue to do business with IRGC-controlled entities including European and Japanese automotive manufacturers CitroenRenaultNissanPeugeotVolvoFiatMazdaIsuzu, and Yamaha. South African telecommunications firm MTN is also in direct partnership with the IRGC-controlled Iran Electronics Industries.

Construction / Engineering / Industry





Khatam al-Anbia, aka GHORB, aka KAA: Serves as the IRGC's engineering arm and primary means of hijacking the Iranian economy. By some estimates, KAA has grown into Iran's largest company: its 812 subsidiaries employ approximately 40,000 people and have won over 17,000 no-bid contracts, primarily in the energy sector. KAA is heavily involved in construction of the QOM/Fordow facilities.

Fater Engineering Institute: KAA subsidiary.

Gharargahe Sazandegi Ghaem: Acquired tunnel-building equipment and expertise from European firms such as Wirth, and Seli Owned, controlled or acting on behalf of KAA.

Ghorb Karbala: Owned by KAA.

Ghorb Nooh: Controlled by KAA.

Hara Company: Owned by Ghorb Nooh.

Imensazen Consultant Engineers Institute: Subsidiary of KAA.

Makin Institute: Subsidiary of KAA.

Omran Sahel: Owned or controlled by KAA

Oriental Oil Kish. Operated by KAA. Partially owned by former Iranian President Hashemi Rafsanjani, notorious for threatening the incineration of Israel by nuclear weapons. Once involved in a $310 million oilfield-development contract with Halliburton.

Rahab Institute: Subsidiary of KAA

Sadra, aka Iran Marine Industrial Company: Naval-industrial giant 51.18% controlled by the KAA and IRGC. Builds ships, docks, and floating oil rigs, and has been awarded huge government contracts and assistance since IRGC takeover.

Sahel Consultant Engineers: Owned by the IRGC.

Sepanir Oil and Gas Engineering Company: Subsidiary of KAA. Participates in Iran's South Pars offshore gas field development.

Sepasad Engineering Company: Owned by KAA. Specializes in concrete dam construction and tunneling.

Industrial Development and Renovation Organization, aka IDRO: Government body responsible for acceleration of Iran's industrialization. Controls various companies involved in work for the nuclear and missile programs and involved in the foreign procurement of advanced manufacturing technology in order to support them. Former IRGC commander, former KAA head, and US and EU-sanctioned Rostam Ghasemi holds a position on the IDRO board of directors.


Arvandan Shipbuilding Company: Subsidiary of IDRO. Builds high-speed patrol boats for the government of Iran.      
Iran Khodro Group: Subsidiary of IDRO. License-builds Peugeot, Renault, Suzuki, Daimler-Benz, and Hyundai models. Produced over 690,000 vehicles in 2010.      
Iran Shipbuilding & Offshore Industries Complex, aka ISOICO: Consortium of shipbuilding and maritime construction companies. Subsidiary of IDRO. Former IRGC commander, former KAA head, and US and EU-sanctioned Rostam Ghasemi serves as ISOICO’s Chairman of the Board of Directors.      
Machine Sazi Pars Co: Designs, manufactures, and installs petrochemical-related machinery. Subsidiary of IDRO. Listed by the German Government as an entity of concern for military procurement activities.      
Paysaz: Acquired by IDRO in 2005. Involved in oil-industry supply chain construction.      
Saipa Group: Subsidiary of IDRO. License-builds Citroen, Renault, Nissan, Volvo, and Iveco (Fiat) models, and produced over 663,000 vehicles in 2010.      
Bahman Group: Tehran-based manufacturing conglomerate 45.5% owned by the IRGC Cooperative Foundation. License-builds Mazda and Isuzu vehicles.


Bahman Diesel Co: Manufacturing of truck and bus parts. Subsidiary of the Bahman Group. License-builds Isuzu trucks.      
Bahman Motor Center: Manufacturing and assembly of vehicles, including Mazdas. Subsidiary of Bahman Group.      
Iran Docharkh Co: Handles imports, manufacturing and research for the Bahman Group, and builds Yamaha motorcycles. Subsidiary of the Bahman Group.      
Iran Zinc Mines Development Company: Subsidiary of the IRGC-controlled Mehr-E Eghtesad Iranian Investment Company.      
Angouran Mine: Bought by the Iran Zinc Mines Development Company for an estimated 20% of market value. The bidding process involved only three companies, all highly interconnected and IRGC-affiliated.      

Oil Supply Chain





National Iranian Oil Company aka NIOC: Petrochemical giant responsible for all operations associated with crude oil and gas explorations and production. Carries out research and oilfield-development projects and operates numerous subsidiaries. State-owned, currently operated by former IRGC commander, former KAA head, and US and EU-sanctioned Rostam Ghasemi as part of the IRGC's takeover of the Iranian energy industry.      
Arvandan Oil & Gas Company: NIOC subsidiary, currently responsible for managing 12 separate oil and gas fields.      
Iranian Helicopter Company: Affiliate of NIOC. Provides helicopter fleets and maintenance for numerous oil projects.      
National Iranian Oil Products Distribution Company (NIOPDC): Component of NIORDC. Responsible for over 2850 fuel stations, 45 aviation fuelling centers, and the distribution of over 220 million liters of oil products per day all over the country.      
National Iranian Tanker Company (NITC): Responsible for transporting 53 million tons of crude oil, NITC ranks as the world's fourth largest tanker fleet. Former subsidiary of NIOC, now privatized but with reported links to the IRGC-controlled oil supply chain.      
National Oil Pipeline and Telecommunications Company (IOPTC): Component of NIORDC, responsible for pipeline management and telecommunications services.      
National Oil Refining and Distribution Company (NIORDC): Component of NIOC and the Ministry of Petroleum, primarily responsible for transporting and exporting of petroleum products, and operating 6 large refineries.      
North Drilling Company: Subsidiary of NIOC. Involved in drilling projects beyond Iranian borders, such as the Iran Khazar offshore rig in Turkmenistan.      
Petropars: Subsidiary of NIOC. Created to take advantage of the South Pars Gas Field.      

Banking / Finance





Ansar Bank, aka Ansar Financial and Credit Institution: Created by Bonyad Taavon Sepah to provide financial and credit services to IRGC personnel.

Bank Industry and Mine (Of Iran): State owned, focusing on mining projects. Used by the IRGC to evade US and international sanctions. Collaborates with Bank Mellat and Bank Saderat.

Europaisch-Iranische Handelsbank (EIH): German subsidiary of Bank Industry and Mine, focusing on international business with Iran. 26.3% owned by Bank Mellat, 19% owned by Bank Terjarat.


Bank Mellat: State-owned, designated by US Treasury for providing services to the IRGC-affiliated Atomic Energy Organization of Iran (AEOI).

First East Export Bank, P.L.C: Owned or acting on behalf of Bank Mellat.

Mellat Bank SB CJSC: Owned by Bank Mellat


Persia International Bank Plc: Owned by Bank Mellat and Bank Tejarat.


Bank Melli: Iran's largest bank, used by Tehran to transfer over $100 million to the IRGC Quds force, for the purpose of organizing, training and equipping Islamist movement around the globe. Serves as a facilitator for the IRGC's sensitive activities, especially the purchase of materials for Iran's nuclear and missile programs.

Arian Bank: Joint-venture between Bank Melli and Bank Saderat to expand IRGC-controlled financial activities into Afghanistan.


Bank Kargoshaee: Wholly owned by Bank Melli.


Bank Refah: Took over Bank Melli's activities following EU sanctions, provides services to MODAFL


Future Bank B.S.C: Bahrain-Based joint-venture controlled by Bank Melli and Bank Saderat.


Melli Bank PLC: London based subsidiary of Bank Melli.


Mir Business Bank Zao: Moscow-based subsidiary of Bank Melli

Bank Saderat: 94% state-owned institution which handles financial services for the Ministry of Defense and Armed Forces Logistics (MODAFL)-controlled Defense Industries Organization and IRGC-controlled Iran Electronics Industries. Used by the regime to transfer funds to terrorist organizations such as Hamas, Hezbollah, Popular Front for the Liberation of Palestine-General Command (PFLP-GC) and Palestinian Islamic Jihad.

Bank Sepah: 100% IRGC-owned. Assisted Iran in funding development of missiles and nuclear weapons capability by supporting the IRGC-controlled Shahid Hemmat Indsutrial Group (SHIG) and Shahid Bagheri Industrial Group (SBIG).

Bank Sepah International PLC: London-based subsidiary of Bank Sepah.

Post Bank of Iran: Acts on behalf of Bank Sepah (designated under UNSCR 1747), hiding Bank Sepah's connections in order to circumvent sanctions.

Bank Tejarat: 42.81% state-owned. Facilitated the transfer of tens of millions of dollars in support of the IRGC-affiliated Atomic Energy Organization of Iran's efforts to acquire yellowcake uranium.


Export Development Bank of Iran (EDBI): Provides financial services to MODAFL subordinate entities in order to circumvent or breach sanctions. Handles payments for Bank Sepah and entities associated with Iran's nuclear and ballistic missile programs.


Banco Internacional De Desarrollo, C.A: Autonomous subsidiary of the Export Development Bank of Iran offering financial products to strengthen ties between the Iranian and Venezuelan economics.


Mehr Bank, aka Finance and Credit Institution: Provides financial services to the IRGC. Created by Bonyad Ta'avon Sepah, an organization comprised of IRGC commanders.


Mehr-E Eqtesad-E Iranian Investment Company: Owned or controlled by Mehr Finance and Credit Institution, affiliated with the IRGC-controlled Tidewater.

Etemad Amin Investment Co Mobin: Contributes to the financing of the regime and IRGC. Includes two IRGC-controlled funds, Tose'eh-ye E'temad and Shahriar-e Mahestan. Purchased a large portion of Telecommunications Company of Iran Stock in order to facilitate IRGC restrictions on free communications. Listed by the British government as an entity of proliferation concern.    

Aviation / Shipping





Behnam Shahriyari Trading Company: Provided support and weapons to Hezbollah on behalf of the IRGC. Acts on behalf of Liner Transport Kish.


Iran Air: Iran's national airline, used by the IRGC and MODAFL to transport military-related equipment, including missile and rocket components to Syria. Most Iran Air jets prohibited from entering EU airspace due to safety concerns. The UN has called on all countries to inspect cargo carried by Iran Air Cargo, and the EU has prohibited Iran Air Cargo access to EU airports.



Iran Air Tours: Subsidiary of Iran Air. Serves as Iran Air's domestic air carrier.



Liner Transport Kish: Employed by the IRGC to support terrorist activities outside of Iran. Provides material support, including weapons, to Hezbollah.




Mahan Air: Provides transportation, funds transfers and personnel travel service to the IRGC Quds force and Hezbollah. Coordinated with the IRGC to ferry secret operatives and weapons in pursuit of the attempted assassination of the Saudi Ambassador to the US.




Pars Aviation Service Company: Maintains IRGC Air Force aircraft.


Tidewater Middle East Company: Port operator owned by Mehr-e Eqtesad Iranian Investment Company, Mehr Bank and the IRGC. Manages approximately 90% of Iranian container operations, and is used by the IRGC for illicit shipments.


Telecommunications / Electronics





Iran Electronics Industries (IEI): IRGC-operated conglomerate responsible for facilitating the IRGC's control over the telecommunications and electronics sectors. Main shareholder of MTN Irancell (South African telecom giant MTN owns other 49%), the second largest mobile phone network operator in Iran, which enables the IRGC to exploit foreign technology to locate and persecute dissidents and suppress communications during fraudulent elections.


Telecommunications Company of Iran (TCI): One of Iran’s leading telecommunications firms, 50% owned by the IRGC following a 2009 purchase by Etemad Amin Investment Company Mobin. The IRGC’s control of TCI enables it to better censor and restrict the free flow of communication.