VOL. XXXII

NO. 24

20-MARCH-1989

IRAN

IJPC Future in Doubt

Iran appears to be softening its opposition to abandoning the construction ofthe Iran Japan Petrochemical Company (IJPC) complex at Bandar Khomeini on theGulf coast. The giant plant, a 50-50 joint venture between Iran's stateownedNational Petrochemical Company (NPC) and the Iran Chemical Development Company (ICDC),a Japanese consortium headed by Mitsui, was begun under the Shah's regime andwas 85% complete when work was halted first by the...