Benjamin Weinthal: Business As Usual

The Iranians have something of a fetish for German engineering. German trade with Iran totaled roughly 4 billion euro in 2008. According to Michael Tockuss, the former president of the German-Iranian Chamber of Commerce in Tehran, “Some two-thirds of Iranian industry relies on German engineering products.” If anything, trade between Germany and Iran has been booming. In the past six months, the petrochemical company Basell Polyolefine signed an 825 million euro contract to supply the technology to build three new plants in Iran. And the Bavarian energy company Bayerngas signed a joint venture agreement with the National Iranian Gas Company to build refineries, supply equipment, and develop a network of gas stations.
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