LyondellBasell ending business relationships in Iran, Sudan and Syria


LyondellBasell Industries, the world’s largest polyolefins maker, is ending its business relationships in Iran, Sudan and Syria.

The decision is the result of a business review that began more than a year ago, and was affected by both an increased number of American executives on LyondellBasell’s management team and by the firm’s upcoming listing on the New York Stock Exchange, company spokesman David Harpole said by phone Aug. 25.

Recent U.S. government sanctions against Iran may have played a role in the firm’s decision, but they weren’t a deciding factor....
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