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Italy & Iran sign bilateral agreements, among them for geothermal development

View over Teheran, Iran (source: flickr/ Rafael Robles, creative commons)
Alexander Richter 13 Apr 2016

Iran and Italy sign a series of bilateral agreements, among them a cooperation of Enel with Iranian counterparts on geothermal development in Iran.

With newly awakened ties to the outside world following the abolishment of embargoes against the Republic of Iran, countries are lining up to engage on discussions for closer cooperation and business development.

At the recent visit of Italian’s Prime Minister Matteo Renzi to Teheran this week, Italy and Iran signed a series of bilateral agreements.

The agreements signed, include a cooperation agreement of Enel and the National Iranian Gas Export Company.

In a statement, Enel said the MOU entails cooperation on natural gas, liquefied natural gas and related infrastructure. The agreement could include information-sharing, studies, analysis and training, “as well as exploring future opportunities for long term supplies,” Enel said.

As part of the discussions, Italy and Iran further reported on plans to build several biomass, solar and geothermal power plants. This fits with earlier reports here on ThinkGeoEnergy with Enel eyeing geothermal development in Iran.

Source: SFGate