Off the wire
• U.S. drone strikes kill 7 al-Qaida members in Yemen  • SPORT: Real Madrid announce new Modric deal  • Enrique: Barca-Man City is a game football fans should watch  • Heavy fighting reported in Somali town near Mogadishu  • Foreign companies in Iran lead to technology transfer, job creation: official  • Russian naval flotilla arrives in Iran's Anzali port  • Nairobi bourse registers low equity turnover  • U.S. stocks rally amid upbeat earnings  • Weaker Renminbi not to influence Gulf Arab-China economic ties: experts  • PNA welcomes UNESCO approval of bid over Jerusalem  
You are here: 　 Home

Danish Maersk ready to engage in Iran's oil industry: official

Xinhua, October 19, 2016 Adjust font size:

Visiting Deputy Managing Director of Maersk said on Tuesday that the Danish business conglomerate, Maersk Group, is ready to engage in Iran's oil industry, according to Iran's semi-official Fars news agency.

"We are ready for cooperation with Iranian companies to promote Iranian oil industry upstream sector," Paul Munk Andersen was quoted as saying by Fars.

He added that Iran can use advanced technology to benefit from its oil and gas resources and improve recovery, during the second Iranian Energy and Petroleum Club Congress and Exhibition (IEPC-2016) currently underway in Tehran.

Martin Beckman, board member from the German Wintershall Co. management board, had previously said that Iran is in dire need of investment and technology for its Enhanced Oil Recovery (EOR), and that efforts should be directed toward promoting the industry in Iran, said the report. Endit