Iran-Mitsui petrochemical partnership ends

MEES reported a preliminary agreement for a joint gas-fired power station in northwestern Iran. Agreement on a proposed project did not mean the station had been built.

MEES reported Iran allocating funds for oil, gas and petrochemical projects. The planned investment shows the scale of energy-sector ambitions after widespread wartime destruction.

MEES reported renewed talks on outstanding Franco-Iranian financial disputes. Negotiations offered a path toward settlement but were not themselves a final resolution.

Resolution 642 continued UNIIMOG’s mandate to monitor the ceasefire and withdrawal. Iran’s border security remained subject to international observation.

MEES reported an exchange arrangement involving Bulgarian machinery and Iranian oil and industrial goods, illustrating reconstruction-era countertrade.

Iran said further rebuilding at Abadan would wait for a comprehensive peace agreement. The operating first phase continued, while security concerns constrained the larger restoration plan.

Tehran radio announced Soviet approval in principle for Iranian gas to reach European markets through Soviet territory. This did not establish a completed export route.

Iran finalized an agreement for renewed gas sales to the Soviet Union, advancing beyond the earlier cooperation framework. Contract terms did not establish actual delivered volumes.

MEES reported a Lummus contract to assess war damage at the former Iran-Japan petrochemical complex at Bandar Khomeini. Assessment preceded decisions about restoration.

Iraq rejected Iran’s proposal for an immediate prisoner exchange and return to prewar borders, offering a joint committee instead. The response preserved the postwar negotiating deadlock.