Iran in Talks with Siemens, Rolls-Royce

The Iranian energy minister said the country has opened talks with British aero engine-maker Rolls-Royce and German industrial group Siemens to ramp up foreign investment in its energy infrastructure.

No deals were struck but Siemens and Rolls-Royce are interested, Hamid Chitchian said after a meeting with representatives of both companies in London earlier, the Financial Times reported on Saturday.

The Iranian minister further expressed the hope that Tehran and the companies could “reach a result” soon.

“We have received various proposals for investment inside our country; some for building power stations and some to manufacture power plant equipment,” Chitchian added.

Elsewhere in his remarks, he said banking problems are still hampering the progress of economic relations between the Islamic Republic and its trade partners despite a lasting nuclear deal between Tehran and world powers.

There are “still some problems” because of the “slowness” of banks in resuming relations with Iran, but the “trend is positive”, Chitchian said.

(Source: Tasnim, under Creative Commons licence)

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