VOL. XXXII

NO. 47

28-AUGUST-1989

IRAN

Mitsui Denies $1.25bn Settlement of IJPC Dispute

Mitsui of Japan has denied reports that it has agreed to pay Iran $1.25bn incompensation for its withdrawal from the Iran Japan Petrochemical Company (IJPC)project at Bandar Khomeini on Iran's Gulf coast. The reports, originating inTehran, cite Iran's Ambassador to Japan, Mr. Hossein Adeli, as saying that"the Japanese side has accepted to pay $1.25bn to Iran for the settlementof their account and to withdraw...