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Iran, Siemens sign MoU on energy cooperation

Xinhua, May 4, 2016 Adjust font size:

National Iranian Gas Company (NIGC) and Iran's Oil Turbo Compressor Co. (OTC) signed a Memorandum of Understanding with Germany's Siemens to cooperate in energy sector, Petro Energy Information Network (SHANA) reported on Wednesday.

Repairing and maintaining the existing machinery by Siemens and import of modern equipment needed for Iranian gas industry were the main parts of the cooperation agreement between Siemens and the Iranian sides.

Siegfried Russwurm, member of the managing board of Siemens, told SHANA that there was no legal limitation for the delivery of required equipment to Iran following the implementation of the nuclear deal between Iran and the world powers earlier this year.

Recently, Iran's Minister of Oil Bijan Namdar Zangeneh held several rounds of talks with Siemens officials in the capital Tehran on the boost of cooperation. Endit