Doosan Heavy Industries lands $186m desalination deal in Iran

South Korea’s Doosan Heavy Industries & Construction Co. won a 220 billion won ($185.9 million) worth order from Iran-based Sazeh Sazan Co., to build a seawater reverse osmosis desalination (SWRO) plant in the Middle East country. The company said Monday that the deal marks the first SWRO procurement a foreign…

Tehran, Seoul to ink MoUs on oil, gas, petrochemical cooperation

Tehran and Seoul will sign a comprehensive memorandum of understanding (MoU) to boost oil exports and invest in LNG, refinery and petrochemical industry during South Korean president’s visit to Iran. President Park Geun-hye arrived in Tehran Sunday for first time to open new chapter in the two countries’ economic cooperation,…

Iran, Germany to establish joint venture shipping lines

The Islamic Republic of Iran Shipping Lines (IRISL) and German shipping company PWL signed on Monday a memorandum of understanding on setting up joint venture shipping lines. According to IRISL public relations department, the MoU was signed during the recent visit of IRISL managing director to Hamburg, in Germany and…

Italy’s Saipem signs MoU on oil, gas cooperation with Iran

Saipem has signed a memorandum of understanding to cooperate on major oil and gas projects in Iran. The deal with Iran comes at an opportune time for the company, which has been hit hard by a prolonged oil price slump that has prompted oil majors to cut investment and seek…