TEHRAN Jan 19 A state-owned Iranian engineering
company has signed a 1 billion euro ($1.44 billion) deal with a
German firm to help improve Iran's gas distribution grid, a
semi-official news agency reported on Tuesday.
Mehr News Agency, citing the head of Iran's Gas Engineering
and Development Company, did not name the German firm which it
said had agreed to manufacture, install and commission 100
gas-fuelled turbines and turbo-compressors. It did not say when
the contract was signed.
The report came a day after German Chancellor Angela Merkel
said that Iran faces further sanctions unless it changes stance
in talks over its nuclear programme.
(Reporting by Hashem Kalantari; writing by Fredrik Dahl;
editing by Jon Loades-Carter)