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Poland firm willing to operate Iran gas projects

The logo of Polish gas monopoly PGNiG

Poland’s state-controlled gas monopoly PGNiG has expressed its willingness to operate projects in Iran as hopes soar for the lifting of sanctions on Iran.

The company’s Middle East manager, Yugoslav Suzanski, was quoted by Mehr news agency as saying that PGNiG is interested in opening an office in Tehran in order to pursue its activities in Iran.

“Years ago, this Polish company was present in Lavan gas project [in Iran] and is willing to return to Iran’s burgeoning market,” he said.

Meanwhile, Iran’s deputy petroleum minister Abbas Sha’ri-Moqaddam said talks have been started with a Polish company for cooperation in petrochemical projects.

“The main subject of talks with this European company is the purchase of equipment and state-of-the-art technology for petrochemical industries,” he said.

Sha’ri-Moqaddam, who is also managing director of National Petrochemical Company, did not make clear if he was referring to PGNiG.

Iran and the P5+1 group of global powers - the United States, Britain, France, Russia, China and Germany - reached mutual understanding on the parameters of a comprehensive agreement over the Islamic Republic’s nuclear program in Lausanne, Switzerland, on April 2. The two sides have agreed to finalize a comprehensive deal on the nuclear program by the end of June.

A final nuclear deal would result in the lifting of sanctions imposed on the Islamic Republic.

At the beginning of 2012, the US and European Union (EU) imposed sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

On October 15, 2012, the EU foreign ministers reached an agreement on another round of sanctions against Iran.

KA/KA


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