VOL. XXXIV
NO. 44
5-AUGUST-1991
Iran
MITI Pays Mitsui Consortium $563mn in Compensation for IJPC Losses
Japan's Ministry of Trade and Industry (MITI) announced on 31 July that ithas paid Yen 77.71bn ($563mn) in trade insurance to cover losses incurred bythe Mitsui-led consortium which participated in the Iran Japan PetrochemicalCompany (IJPC). The five-member Mitsui consortium had applied for Yen 93.07bnin insurance claims to MITI, which provides cover for Japanese firms againstwars, coups and...
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