NIGC, OTC, Siemens sign trilateral MoU


TEHRAN, May 04 (Shana) — National Iranian Gas Company (NIGC) and Oil Turbo Compressor Co. (OTC) signed a Memorandum of Understanding with Germany’s Siemens.

Managing Director of NIGC Hamidreza Araqi, Managing Director of Oil Turbo Compressor Group (OTC Group) Saeed Mohtadi and Siegfried Russwurm, member of the Managing Board of Siemens, inked the cooperation document on Tuesday.

Repairing the current machines and import of modern equipment required for Iranian gas industry are the main topics of the cooperation agreement between Siemens, NIGC and OTC.

Russwurm had told Shana in an interview that there is no legal limitation for delivery of Iranian required equipment after the execution of nuclear deal enshrined between Iran and G5+1.

Iran’s Minister of Petroleum Bijan Zangeneh had held several talks with Siemens officials in Tehran on expansion of relations.