VOL. XXXII
NO. 50
18-SEPTEMBER-1989
IRAN
Iran and Mitsui Edge toward Settlement of IJPC Dispute
Iran and Mitsui and Co., which leads a Japanese consortium holding a 50%stake in the Bandar Khomeini petrochemicals project on Iran's Gulf coast, areedging toward a settlement of their dispute over the compensation to be paidby the Japanese partners for withdrawing from the joint venture - the IranJapan Petrochemical Company (IJPC) - in which Iran's National PetrochemicalCompany (NPC) has a 50% equity....
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