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Caspian Energy Journal Caspian European Club
Tuesday, 08 September 2015 18:00

German firms seek Iran energy cooperation

A high-ranking German official says German companies are keen to work with Irans energy sector and take part in the implementation of the countrys economic, industrial and energy projects, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of NIOC.

Nils Schmid, minister of finance and economic affairs of Germany’s Baden-WürttembergState, made the remarks following his meeting with Iran's Oil Minister Bijan Zangeneh in Tehran.

He added that companies based in Germany’s Baden-WürttembergState have worked in a satisfactory manner with Iranian companies in the past and are planning to restart that cooperation once sanctions against Iran are lifted.

Schmid stated that German companies are planning to start negotiations with Iranian counterparts in order to obtain necessary information about various industrial and energy sectors of Iran and find avenues for new cooperation once sanctions are removed.

Elsewhere in his remarks, the minister of finance and economic affairs of Germany’s Baden-WürttembergState noted that the 68-member delegation accompanying him in his Iran visit includes representatives of companies specializing in manufacturing machinery, as well as measurement and engineering technologies, which can greatly help Iran's industrial sector.

Schmid said German companies believe in Iran's big market and also attach great significance to legal transparency in the projects that they undertake.

He also lauded efforts made by Iranian companies in past years to improve energy productivity, expressing hope about continuation of relations with the Iranian government and companies active in the fields of economy, industry and energy.

Schmid arrived in Tehran on Sunday for talks with Iranian officials and businesspeople over potential areas of investment.

In addition to Iran's oil minister, the German delegates are also scheduled to meet and confer with Iran’s Energy Minister Hamid Chitchian and the Governor of the Central Bank of Iran Valiollah Seif.

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