Iran's Research Institute of Petroleum Industry and Norway's International Aker Solutions Company signed a memorandum of Understanding (MoU) to broaden cooperation in the oil industry.
Announcing this, the institute's deputy head, Amir Abbas Hosseini said that based on the document, the two sides would cooperate in developing new technology in Iran's oil industry and the transfer of advanced technology, reported Fars News Agency.
He underlined that Norway symbolizes advanced technology across the globe and is the frontrunner in state-of-the-art technology in the oil industry.
"Iran will cooperate with Norway to modernize national oil industry," Hosseini said describing Aker as one of the forerunners in upstream and downstream oil industry.
Last year, a delegation from Norway's International Aker Solutions Company held talks with Iranian Center for Oil Industries Research Studies.
The Norwegian delegation met the Managing Director of the Oil Industries Research Center Mohammadreza Katouzian to discuss technology cooperation in the upstream and downstream oil industry.
In February, Iran's Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi said Iran and Norway were opening a new chapter in ties, particularly in the transfer of modern technology as well as in finance and investment.
Speaking at a forum of Iranian-Norwegian investment opportunities and businesses in the Norwegian capital, he said that after the implementation of the nuclear deal between Iran and world powers, there are no longer any restrictions to foreign direct investment, technology transfer and finance in the Iranian market.
"Norway has excellent capacities in shipping, oil, gas, nuclear safety, environment, renewable energies, and finance. Iranian public and private sectors are prepared to sign joint ventures with their Norwegian partners, while acting as a gateway to the region’s growing market," he added.
Source:Irandaily
