senior Iranian energy official called for hastening banking and
insurance relations between Iran and Germany, saying, "Germans hope to
resolve an issue with insurance ceiling for Iranian projects to offer up
to €5.5b in insurance coverage of projects in Iran."
Speaking with Shana, Roknoddin Javadi, managing director of National
Iranian Oil Company (NIOC), talked about the highlights of his Tuesday
meeting in his Tehran office with German deputy minister of economic
affair and energy.
He said resolution of banking restrictions between the two countries was the chief topic of discussion during the meeting.
Javadi said German companies have signaled their willingness to join energy projects in a ban-free Iran.
"German banks are kept behind the countrys industries and we asked
Germans to spur their banks into more cooperation with Iran abreast with
their industries," the official said.
He said the German delegation has said that middle-sized banks have
started their activities in Iran and other German banks will gradually
start their activities in the OPEC member.
"This is right, but we expected them to accelerate this trend," said Javadi.
Turbo Compressor Company from Iran and Siemens have agreed to launch a
new company in Iran to pursue construction of new turbines and turbo
compressors inside Iran.
Referring to South Pars blocked items by Siemens, Javadi said all the
equipment has been freed but some have not yet been delivered.