Addressing a ceremony attended by Energy Minister Hamid Chitchian and managing director of Mpana Abbas Aliabadi, he said that the deal was concluded on the basis of mutual confidence and it can pave the way for greater opportunities for both sides.
He also hoped that the agreement will provide win-win situation for both sides.
'We want a sustainable and long-term cooperation and Iran is a good base for Siemens to supply services to neighboring states,' he said.
The German industrial group signed an energy agreement with Iranian power and infrastructure group Mapna, extending its early re-entry into the country after the lifting of sanctions.
Iranian Energy Minister Hamid Chitchian and German Minister of Economic Affairs Sigmar Gabriel witnessed the ceremony.
Mapna will acquire the technology to manufacture Siemens F-class gas turbines in Iran and the two parties will cooperate to deliver more than 20 gas turbines and associated generators over the next decade.