IRAN

Mitsui Seeks Extension of IJPC Insurance

Mitsui, the main participant in the Iran Chemical Development Company (ICDC), which is a 50% partner with Iran's National Petrochemical Company (NPC) in the Iran Japan Petrochemical Company (IJPC), on 26 August formally notified the Ministry of International Trade and Industry (MITI) in Tokyo that it is seeking to reserve its rights to claim government insurance on war damage to the unfinished IJPC petrochemical complex at Bandar Khomeini...