World  Business and Economic Analysis 

british,

  • British firm lifts ban on Iran’s turbines

     

     

    A British firm has lifted ban on delivery of two turbines sent by Iran’s oil industry for repair and maintenance, official says.

    Mr. Darioush Amirsardari Goudarzi told Mehr News on Saturday that two turbines had been sent to Britain to be repaired before sanctions went effective, however, sanctions put a ban on both turbine delivery to Iran; “negotiations with the British firm after removal of sanctions removed the ban and now we expect to receive turbines within upcoming weeks,” he added.

    Still in a relevant story, Ali Karder, deputy-oil minister and NIOC head had told Mehr New earlier in November that Iran would receive oil money frozen in British banks within months after unfreezing the accounts; “British Petroleum will soon be paying NIOC fully the oil money once out of the access of the industry,” he had said.
    In line with lifting ban on oil industry key facilities strategic to South Pars phases, Asian and European companies will contribute to progress of projects in South Pars; Alireza Ebadi, a contractor of 20th and 21st phases told Mehr News that French and Spanish firms would also join the trend; German giant Siemens will also be a contributor, Pars Oil and Gas Co. officials told the press.

    With sanctions lifted on oil industry facilities, contractors have placed orders with the European companies for ethane recovery turboexpanders, a key machinery in South Pars 19th, 20th, and 21st phases.

Investment Consulting &Project Finance

Newsletter

Sign up for our newsletter