IHS Chemical Week

Regions :: North Asia :: Korea

Samsung Total Petrochemicals strikes feedstock deal with Iran, report says

9:49 AM MST | January 25, 2013 | Francinia Protti-Alvarez

Samsung Total Petrochemicals (STP; Seoul), a joint venture between Samsung and Total, has reinstated a contract to purchase Iranian crude oil after a one-year hiatus, Reuters reports. STP, facing thin margins in the plastics market, is attracted by cheap feedstock costs, the report says. Japanese and Korean crude oil buyers have found ways to circumvent international sanctions on Iran without violating them, the report adds.   STP and Total each stopped buying Iranian crude last year to comply with sanctions on Iran. The decision resulted in a 90% fall...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa