Iran, Germany Discuss Releasing Blocked Oil Equipment, Petchem Projects

TEHRAN, Jan. 3 (Shana) – Deputy petroleum minister for international affairs and commerce said releasing the blocked equipment of Iran’s oil industry topped the agenda of his negotiations with the visiting German delegation here on Wednesday.

“We discussed how to deliver the equipment which were blocked under sanctions,” Amir-Hossein Zamani-Nia told Shana following a meeting with the delegation headed by Dieter Haller, director of economic affairs and sustainable development in the German foreign ministry.

“A managing board member of the firm Siemens also met Managing Director of the National Iranian Oil Company Rokneddin Javadi on the topic during which Siegfried Russwurm vowed that his company will carry out all of its commitments on the delivery of Iran’s oil equipment,” he added.

The deputy minister also said that German companies have expressed their interest in long-term cooperation with Iran in petrochemical, refining, distribution and fuel consumption optimization, as well as local manufacturing of the oil industry’s equipment.

Zamani-Nia said Haller who is accompanying the German foreign minister, has promised that Hermes insurance company will resume providing export coverage for the German firms’ entry to the Iranian market so that bilateral trade will be expedited.

Haller told Shana that German and Iranian companies are interested to develop their activities in the petrochemical industry.

He also said that the upcoming Iran-Germany Joint Economic Cooperation Commission will be held in Berlin in May.

News Code 254622

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