Sunday, August 3, 2008

Despite sanctions, German firm closes 100m euro deal with Iran

A German company has closed a 100 million euro deal with Iran to supply three gas plants with high-tech equipment after Germany ruled that the agreement does not violate sanctions against the Islamic Republic.

Steiner Gastec Prematechnik, the German firm, is to supply the factories with equipment to turn gas into sulphur-free liquid fuel. This would enable the factories to transport the gas more efficiently to customers across the world.

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