IRAN

Japanese Reshedule IJPC Loans 

Following the decision by the Iranian Majlis (parliament) to reject the terms of the agreement reached last year on resuming work on the Iran Japan Petrochemical Company (IJPC) complex at Bandar Khomeini on Iran's Gulf coast (MEES, 22 April), the Iran Chemical Development Company (ICDC) - the Mitsui-led Japanese partner in the project - has rescheduled the repayment by Iran of loans worth 86bn yen ($344mn). As part of the agreement repayments...