Middle East Economic Survey

VOL. XLVIII

No 20

16-May-2005

IRAN

NPC And Basell Vow To Maintain Ties Despite Blocked Takeover Bid

Irans National Petrochemical Company (NPC) and leading polyolefins producer Basell intend to continue working together, despite the Iranian companys failed bid to buy Basell after the US government put pressure on equity owners BASF and Shell (MEES, 9 May). NPC President Mohammad Nematzadeh told reporters on the sidelines of the 7th Iran Petrochemical Forum in Tehran on 8...