Golestan Petrochemical Company signed a memorandum of understanding worth €32 million with Germany's Siemens for providing its ammoniac producing unit's equipments, the Mehr News Agency reported on Friday.
According to the deal, Siemens will equip Golestan Petrochemical Complex with turbo compressors.
The Golestan Petrochemical Complex has furnished Siemens with €4 million as the prepayment.
The complex is projected to annually produce one million tons of urea and 670,000 tons of ammoniac.