Saipem Signs Second MoU with Iranian Company
January 26 2016 - 11:20AM
Dow Jones News
By Liam Moloney
ROME--Italian oil services company Saipem SpA said Tuesday it
had signed a second memorandum of understanding with an Iranian
company, after Iranian President Hassan Rouhani kickstarted his
European tour to drum up new business for the Islamic republic.
In a statement, Saipem said the memorandum was signed with the
National Iranian Gas Co. and involves possible pipeline projects
that cover a total of 1,800 kilometers.
No financial details were given.
On Monday, Saipem said it had signed a memorandum of
understanding with Parsian Oil & Gas Development Co. on the
possible revamping of the Pars Shiraz and Tabriz refineries.
Earlier Tuesday, President Rouhani courted Italian businessmen
at a meeting in Rome by saying that the end of the West's economic
sanctions are a "win-win situation" for both Iran and those
businesses wanting to sign deals with the Islamic republic, as its
economy is young and offers potential for growth.
Write to Liam Moloney at liam.moloney@wsj.com
(END) Dow Jones Newswires
January 26, 2016 11:05 ET (16:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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