Tehran, YJC. Iran says German company has called off deal to reserve gas.
The
CEO of Iran’s National Gas Storage Company said the German company which had
made a deal with Iran on storing gas has called the deal off.
"As
the German company has apologized and cancelled the contract, call is being
made for international companies to sign deal on this project,” Masoud Samivand
said in interview with Mehr News Agency.
Providing
comments on the German company’s reasons for cancelling the deal he said "The
German company requested a disproportionate finance profit for storing gas in
the Yortsha reservoir of Varamin.”
Maintaining
that there are well-known rates for global gas and oil contracts, Samivand
stated that the German side had made "extraordinary and unreasonable demand”
which was not agreed to by the Board of Directors of Iran’s National Gas Company.
"We
had warned the company according to the terms of agreement to make its offer
more reasonable, holding more than 20 sessions with the company in the meantime
which did not bring about a final agreement,” the CEO of the Iranian National Gas
Storage Company said.
He added
that the German company followingly resigned from the contract.
Samivand
further stated that Iran has made a new call for international companies to
sign deals on the project.
He said
that so far a number of companies have announced willingness to sign the deal.
The
call is on untill the end of the Iranian year, March 20.