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In August 2010, LyondellBasell's board approved a decision to cease the company's operations in Iran according to The Wall Street Journal (The Wall Street Journal, August 25, 2010).

Date: January 2005 - Unclear

Deal: According to the GAO, the Dutch firm LyondellBasell supplies technology for a new HDPE petrochemical plant in Kermanshah, which is expected to go online in 2009 or 2010, and increase Iran’s annual production of the material by 300,000 metric tons (GAO Report, March 23, 2010). According to an industry publication, under a deal signed in January 2005, construction was awarded to Germany’s Krupp Uhde and Iran’s Sazeh Company. The plant opened in 2007 (ChemEurope, January 5, 2005).

Date: August 2005 - Ongoing

Deal: According to the U.S. Government Accountability Office (GAO), LyondellBasell is supplying technology for a low-density polyethylene (LDPE) plant in Sanandaj. The project was scheduled to start in 2008 (GAO Report, March 23, 2010).  According to an industry publication, the Kurdistan Petrochemical Company, an affiliate of Iran’s National Petrochemical Company (NPC), awarded Basell the contract in August 2005, before Basell merged with Lyondell. This deal marked the 13th license Basell granted for use of its technology for projects in Iran (Chemie, August 5, 2005).

Date: November 2008 – Unclear

Deal: An industry publication reported that Mehr Petro Kimia, a subsidiary of Parsian Investment Co., announced in November 2008 that it planned to build a propane dehydrogenation (PDH) facility and a polypropylene (PP) plant in the Pars Special Economic Zone. According to Chemical News and Intelligence, the plants will use LyondellBasell’s process technology (Chemical News and Intelligence, November 25, 2008).

Date: June 2009 - Unclear

Deal: In June 2009, Iran’s Shana news agency reported that LyondellBasell had signed a contract with Iran’s National Petrochemical Company (NPC) to supply technology to produce high-density polyethylene (HDPE) at the Dehdasht, Mamasani and Boroujen petrochemical complexes (Shana (Iran), June 10, 2009).

U.S. Business Ties: According to LyondellBasell's website, the company has both manufacturing and technology centers in the United States (LyondellBasell Website, accessed June 29, 2010).

Last Updated: July 9, 2014