Code: 81974502 (5190259) | Date: 22/02/2016 | Time: 14:59|
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Iran eyes joint ventures with Siemens

Tehran, Feb 22, IRNA – Iran's minister of petroleum has offered German giant Siemens to establish joint ventures with Iranian companies and supply the products to regional and Central Asian countries.

'Siemens can manufacture joint products in Iran that carry the companies brand and could be exported to the regional countries, including Iraq, Turkmenistan, Kazakhstan and other central Asian nations,' Bijan Zangeneh told visiting President and Chief Executive Officer of Siemens AG Joe Kaeser on Monday.

Referring to the broad background of cooperation between Iran and Germany, Zangeneh said that during the Western-imposed sanctions, Iran did not have access to many of the equipment and machinery produced by Siemens.

We hope that in the new chapter of cooperation between Tehran and Berlin following the removal of sanctions, we will be able to further the cooperation and embark on joint production ventures with the company, the minister said.

Siemens has reportedly released the blocked equipment purchased by Iran to develop its South Pars fields.

The hardware embargoed by the German companies included compressors and oil equipment.


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