VOL. XXXIII

NO. 2

16-OCTOBER-1989

Iran

Iran and Mitsui Agree to End IJPC Partnership

Iran and Japan have finally reached agreement on terminating their 50-50partnership in the Iran Japan Petrochemical Company (IJPC), thus ending a sagathat has dragged on for 16 years since the joint-venture company was set up in1973.

IJPC - in which the partners are Iran's National Petrochemical Company (NPC)and the Iran Chemical Development Company (ICDC), a consortium of Japanesecompanies headed by Mitsui - was...