Baku, Azerbaijan, Nov. 20
By Fatih Karimov – Trend
German Linde Group has resumed its activities in Iran, the oil ministry’s SHANA news agency reported.
The company has opened its office in Tehran last month during a ceremony attended by Sigmar Gabriel, Germany’s minister for Economic Affairs and Energy.
Earlier in August, the German company signed a front end engineering design (Feed) deal with Iran’s Kian Petrochemical Company for the construction of an olefin, butadiene, hydrodealkylation and benzene unit.
The project is planned to be completed in 12 months at a cost of $39.17 million in financial credit.
The Linde Group, registered as Linde AG (FWB: LIN), is a multinational industrial gases and engineering company founded in Germany in 1879. It is the world's largest industrial gas company by market share, as well as revenue.
The group has over 600 affiliated companies in more than 100 countries, with customers in the industrial, retail, trade, science, research and public sectors.