International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" ""> <html xmlns="" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | This Week at the U.S. International Trade Commissi... » | Iran's National Petrochemical Company Still Expect... » | Senate Confirms Portman as USTR » | President Nominates New ITC Commissioner » | U.S. Proceeds With Safeguards Proceeding on Textil... » | Fallout Over InVision FCPA Violations Reverberates... » | BIS Publishes "Don't Let This Happen to You!" » | New U.S.-Cuba Trade Association Formed » | Parrlab Technical Solutions Added to BIS Unverifie... » | Senate Finance Committee Unanimously Votes to Conf... » 

May 01, 2005 

Reuters Reports that U.S. Government Opposes Basell's Sale to Iran's NPC

Reuters reported today that the U.S. Government has significant concerns over the possible sale of Basell NV, the world's largest producer of polypropylene and advanced polyolefins products, to Iran's National Petrochemical Company. The article states that sources familiar with the negotiations have said the chances of Basell being sold to Iran "is decreasing." The article states that "The United States, which has sanctions in place against Iran, is worried that a deal could result in a transfer of technology to the Iranians and would also make it impossible for U.S. citizens to continue to do business with Basell." More specifically, the article indicates that if Basell "becomes owned by the Iranian government it would be considered an Iranian national, and U.S. companies and persons would not be able to transact business with it."



Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed




  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News,".
  • ©2003-2015. All rights reserved.

Translate This Site

Powered by Blogger