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Regions :: Middle East :: Saudi Arabia

Huntsman to End Sales to Iran

7:18 AM MST | January 25, 2010 | Natasha Alperowicz

Huntsman Corporation has announced that its indirect foreign subsidiaries that have been selling products to third parties in Iran will discontinue doing so and will exit any contractual arrangements there "as expeditiously as legally possible." Huntsman says that  while such sales have been done in full compliance with U.S. law, it was determined that the small amount of business done there does not justify the reputational risk currently associated with doing business with entities located in Iran, due to the growing international concern over...

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