IFP Exclusive

Iran Signs Deal with US Firm General Electric ‎

The CEO of Iran’s MAPNA Group Abbas Aliabadi says the company has signed an initial agreement with the US multinational conglomerate General Electric.

Talks are underway between the two parties to finalize the deal, Aliabadi told reporters on the sidelines of the 17th International Power Industry Exhibition in Tehran.

Cooperation between MAPNA, an Iranian enterprise involved in power, oil and infrastructure projects, and General Electric, will start soon in the fields of power as well as oil and gas, the official said.

Aliabadi further said that the US rules ban cooperation of the companies that are active inside the United States territory, not those which are outside, for instance, in Europe, adding that the mutual cooperation will not face any legal problem.

MAPNA Group is a group of Iranian companies involved in development and execution of thermal and renewable power plants, oil & gas, railway transportation and other industrial projects as well as manufacturing main equipment including gas and steam turbines, electrical generator, turbine blade and vane, HRSG and conventional boilers, electric and control systems, gas compressor, locomotive and other pertinent equipment.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

IRGC: 10 terrorists eliminated, arrested in southeastern Iran

Iran’s Islamic Revolution Guard Corps (IRGC) announced on Tuesday it has killed four terrorists and…

55 mins ago

Russian rocket launches Iranian satellites into orbit

A Russian rocket carrying a payload of satellites into orbit – including two from Iran…

1 hour ago

Iran FM: Tehran reserves right to respond to territorial integrity breaches

Iran's foreign minister says the Islamic Republic reserves the right to respond to any violation…

2 hours ago

Iranian president to fly to Baku to attend UN Climate Change Conference

Iranian President Masoud Pezeshkian is going to Visit the Republic of Azerbaijan next week to…

13 hours ago

Tehran denies hiring Iranians in Israel to kill Zionist officials

Iran’s Permanent Mission to the United Nations has flat-out rejected the Israeli regime’s allegation that…

15 hours ago

Pezeshkian says Iran’s missiles aimed at deterring aggressors, not unleashing war

Iran’s missiles are aimed at deterring those seeking to potentially target the country, and are…

15 hours ago