SABIC (Saudi Arabian Basic Industries Corporation)

SABIC signed a memorandum of understanding with Iran's PCCI in 2002 to export 500,000 tons of Methyl Tertiary Butyl Ether (MTBE) over five years. MTB is "a gasoline additive that replaces lead to raise the gasoline octane number and reduces harmful gas emissions from vehicles and engines." (European Fuel Oxygenates Association, "Sabic exports 500,000 tonnes of MTBE to Iran," 7/16/2002) (http://www.efoa.eu/page1213v2.html)