Germany to Invest in Iran's Gas Sector

TEHRAN (FNA)-

July 26, 2008

A German company is to build equipments for three liquefied gas plants in Iran, worth 100 million Euros.

The technical firm Steiner has received an order from Iran to construct equipments for the liquefied gas installations, the Siegener Zeitung newspaper reported Wednesday.

The final assembling of the plants will be done at a location in southern Iran, according to the paper.

Based in the German city of Siegen, Steiner is also involved in building chemical and petrochemical plants in several other countries, among them Qatar, Saudi Arabia, China and Russia.

German firms have actively eyed Iran's growing petrochemical sector in recent years, in a bid to increase their market presence in the country.

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