VOL. XXXII

NO. 46

21-AUGUST-1989

Still No Agreement on Mitsui Pulling out of IJPC

The National Iranian Oil Company (NIOC) and Mitsui of Japan have again failedto reach agreement on ending Japanese participation in the Iran JapanPetrochemical Company (IJPC), the 50-50 joint venture between the Iran ChemicalDevelopment Company (ICDC), a consortium of Japanese companies headed byMitsui, and the NIOC subsidiary, the National Petrochemical Company (NPC).IJPC owns the unfinished petrochemical complex...