Iran Market Great without American Rivals: Europe Firm

A senior executive with an Austrian engineering company says they would welcome an Iranian oil and gas industry market without American rivals.

Speaking to Shana on the sidelines of the 1st Austrian Technology Transfer Symposium for Enhanced Oil Recovery by Using Treated Water here in Tehran, the Managing Partner of SONNEK Engineering Company DL Werner Wieseneder talked about the presence of his company in Iran and its cooperation plans with local partners.

“Well,… this is not my first time in an Iran,” he said, adding: “Regarding the business climate, I think there is a lot of interest but we still see the same delay in development projects because their financing and banking issues.”

So for SONNEK, “it’s only a matter of time; it’s not the question if we will come, but it’s a question of when we will come here.”

There are many old oilfields and they need state-of-the-art technologies for sustainable oil production, he added.

Asked about the company’s future plans to work with Iranian partners, Wieseneder said: “I am confident that the relations between Iranian and Austrian companies are very good for now.”

How do you see the opportunity for being in this market for cooperation with Iranian companies and the field of enhanced oil recovery (EOR) and improved oil recovery (IOR), asked Shana.

“I think that would be very good because first of all we have the right technology for what they need because we faced the same situation years ago in the European countries so this is where the technology is coming from. Secondly, today, in the oil world, there are typically either Europeans or Americans that drive the industry forward. I don’t see the Americans driving the business here,” he said.

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