Germany’s Sanctions to Affect Iran Oil Equipment
Germany’s Sanctions to Affect Iran Oil Equipment
Deputy Head of Commission for Facilitating Trade and Promoting Export of Tehran Chamber of Commerce, Industry, Mine and Agriculture Mr.  Mehrad Ebad believes the new sanctions of Germany will affect Iran’s oil equipment and the country may face problem.

TEHRAN (Iran News) – Deputy Head of Commission for Facilitating Trade and Promoting Export of Tehran Chamber of Commerce, Industry, Mine and Agriculture Mr.  Mehrad Ebad believes the new sanctions of Germany will affect Iran’s oil equipment and the country may face problem.

Germany’s government on Friday suspended state measures designed to foster business with Iran. The suspension will affect export credits and investment guarantees as well as Germany’s manager training and trade fair programs in Iran.

Reacting to this decision and in an interview with ILNA, Ebad said that experience of these years has shown us that sanctions have created problems for the people and the private sector, adding that those who see sanctions as blessing should answer the problems.

He pointed to the high potentials of the government sector in the sanctions era and stipulated that the possibility for transfer of money and goods is more for the government sector than the private sector in the sanctions era while the private sector is considered as the driving force of the national economy.

He noted that relation with other countries is one of the main requirements of development and constructive relation with most countries can put Iran on the course of development, adding that in recent years and due to sanctions there have been several problems for providing modern technology and modern machineries and these technologies have been unable to be imported because of sanctions and it has had its impact on all dimensions of the national economy.

Ebad further said that machineries and tools in the field of extraction in the oil and gas industries are very old and therefore the productivity has lowered, noting that Iran could gain self-sufficiency in some technologies and for import of modern knowhow in the field of technology, the country needs Germany.

He stated that countries like China, Iraq and Russia cannot help Iran to upgrade its technology, adding that Germany has helped Iran a great deal in transfer of technology, and several  equipment in Assalouyeh and Mahshahr Oil and gas installations are provided by Linde of Germany, and exit of Germany will have its impact on this industry.

Ebad went on to say that if other European countries follow the policy of Germany, the condition will become worse for Iran. He reiterated that Iran’s economy has been politicized and 88% of the economy is in the monopoly of government or state-organizations and its separation is impossible and in the foreign interactions and exchanges the political issues have direct impact and any hostile policy against the West or the East has inflicted loss on the country than putting it on the course of independence.

He added that attracting foreign investment is one of the principles of development while the foreign investment growth in Iran has become negative and today we see the flight of capitals from the country while Iran needs investment and capital for progress.