Siemens releases South Pars gas properties

TEHRAN, Feb. 06 (MNA) – POGC managing director said Germany’s Siemens AG has released some equipment and properties of South Pars phases.

Referring to the release of turbo compressors of Phases 17 and 18 in South Pars field on the part of Siemens Company, Ali Akbar Shabanpour said “the frozen assets in Europe and the United Arab Emirates have been freed."

The official underlined that Iranian companies achieved the technical know-how to produce some goods and equipment for the development of South Pars phases over the sanction years; “the post sanction era marks the best opportunity for technology transfer particularly in the field of equipment supply for South Pars phases.”

At the meeting with the German delegation led by the director for the European country’s department of external economic promotion and sustainable development, Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia has emphasized “negotiations were conducted with the German side on venues for the return of oil industry’s equipment which had been blocked due to international sanctions.”

Zamaninia noted “it has been stipulated that Siemens will remain fully committed to delivery of Iran’s oil equipment.”

Meanwhile, Member of the Managing Board of Siemens AG Siegfried Russwurm has stressed “by the implementation of Iran’s nuclear deal, legal restrictions for the delivery of Iran’s oil properties have been eliminated and the equipment can be transferred to Iran.”


News Code 114180


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