Showy MoUs Have Grounded Iran LNG Project

Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

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Attracting foreign investment by developing relations with neighboring countries

Attracting foreign investment by developing relations with neighboring countries

The head of Iran's Investment and Economic and Technical Assistance Organization found membership in the Shanghai and BRICS agreements to be effective in attracting foreign investment and added: A large part of the 11 billion dollars of foreign investment was attracted by the countries that are members of these agreements.
Power plant units were put on standby

Power plant units were put on standby

The CEO of the thermal power company stated that 6,000 personnel are on standby 24 hours a day in the power plant units and added: 48 power plant units have been built in the country in the last three years.