Sun 22 Dec 2024 | 21 December 2024

Iran to Export Energy Services to Europe

Iran has joined the energy service exporters to Europe for the first time by signing a memorandum of understanding (MoU) with Romania.

According to the report of the public relations of the National Iranian Gas Company (NIGC), Iranian Gas Engineering and Development Company (IGEDC) has signed a memorandum of understanding with the Gaz Vest Company of Romania to export technical and engineering services for the gas industry.

Based on the mentioned MOU, IGEDC has been tasked with providing the necessary cooperation with the company in the field of engineering services and construction of gas transmission lines, gas pressure boosting facilities and development of gas storage tanks.

As regards the MoU, Reza Noshadi, the CEO of IGEDC stated that the purpose of signing of the agreement was to study joint investment opportunities and cooperation in various fields such as feasibility of construction of refineries, power plants and gas pipelines.

It"s worth mentioning that, this MoU was signed in order to exchange knowledge, expertise and experiences of the two sides in the joint areas and to create a working group with the participation of representatives of Iranian and Romanian sides.

The IGEDC head also said, "The Company is determined to expand its capabilities and communications beyond the country"s borders."

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