NO. 7



Japan Studies Possibility of Building Steel Plant on Qeshm Island

According to the Tokyo daily Mainichi Shimbun of 1 November, Japans' KobeSteel Ltd. is holding talks with Iran for the construction of a $1bn steel plantwith a 5mn ton/year capacity on Qeshm Island in the southern part of the Gulf. Aprefeasibility study has been launched on the project, but there is no formalagreement as yet. An Iranian delegation is expected in Tokyo later this month todiscuss...