Baku, Azerbaijan, May 2
By Khalid Kazimov - Trend:
Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) seeks to join efforts with international companies.
Reza Khayamian, the head of the SIPIEM, said that a German delegation is expected in Iran to study opportunities for cooperation, Fars news agency reported.
During the visit, SIPIEM will discuss inking a deal for cooperation with German companies.
Khayamian further said that according to the Iran's sixth development plan, the country's oil industry needs an investment of $200 billion of which 60 percent will be spend on purchasing necessary equipment.
Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) is a private association in the oil industry supplying a part of the petroleum equipment in the country.