Iran to become Middle East oil hub

TEHRAN, Apr. 18 (MNA) – An Oil Industry Equipment Producing Association official said Iran will turn into a hub for production and supply of oil and gas equipment in partnership with foreign firm.

Heading the association’s board of directors, Reza Khiamian pointed to the launch of new negotiations with European and North American counterparts saying “so far, a Memorandum of Understanding (MoU) has been sealed between Iranian and Italian equipment producing associations.”

The official underlined that prominent companies like Eni S.p.A. and Saipem are members of the Italian association stating “a relevant Italian delegation will soon travel to Tehran.”

Khiamian further enumerated main goals of the signed MoU between Iran and Italy including “knowledge and technology transfer, establishment of a production line for manufacturing advanced industrial equipment as well as investment attraction.”

Head of Iran’s Oil Industry Equipment Producing Association emphasized that the two sides are now able to run join developmental projects in the upper-stream section of Iran’s oil, gas and even petrochemical industries.

The official also reported on talks with Canadian oil equipment producers adding “in addition to the North American country, some negotiations have been held with European countries like France and Germany.”

Khiamian recalled “during the course of talks with European and North American companies and associations, certain proposals were made for supplying goods and equipment used in oil-rich countries in the Middle East like Iraq; “given the existence of industrial infrastructures in the country’s oil industry, Iran can turn into a new hub for production and supply of various equipment used in oil and gas industries in collaboration with foreign companies.”

 

HA/3601838

 

News Code 115919

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