VOL. XXXIII

NO. 20

19-FEBRUARY-1990

Iran

IJPC Partnership Formally Ended

Iran's National Petrochemical Company (NPC) and Mitsui of Japan have formallyended their partnership in the Iran Japan Petrochemical Company (IJPC), the50-50 joint venture which was formed to build a major petrochemical complex atBandar Khomeini on Iran's Gulf coast. According to a 9 February statement issuedby the heads of the two companies, the Japanese have paid 130bn (some$900mn) to the Iranians in compensation for their...