Although now not working on any joint oil projects, "our company is seeking ways to expand technical cooperation with Iran in the oil and gas sectors," said the head of engineers' trade promotion department of Italy's Remazel Co., Federico Albano, Mehr news agency reported.
Pointing to his company's decision to reopen a representative office in Tehran, the Italian said, "We are determined to stay and be active in Iran as this a great country.
Moreover, its lucrative market is still untapped. We have plans to strengthen our ties and attract Iranian customers to our products even if the sanctions are not lifted."
"We have not yet put in place a comprehensive plan of action for the post-sanctions era; nonetheless, even if the sanctions are not removed, we will look for new strategies to draw on the potential resources," the news agency quoted him as saying.
Albano noted that upon termination of sanctions investors from across the globe will converge on the Iranian market, yet Iran will need not only state-of-the-art technology but also financial resources to fund its unfinished projects.
According to the official, Iran will have a challenging job resuming its previous position in trade and industry. He added that Iran has huge natural resources; however, rectifying the current situation would indeed be a long-range process.
Elaborating on Remazel products, he said, "Our company has 45 years of experience in both designing and building tailor-made pieces which can be used in cement and petrochemical factories as well as nuclear power plants. We also manufacture offshore equipment for docking facilities. "
Furthermore, Massimo Orini sales and marketing manager for Italian Co. SEKO also said that this company is due to open its representative office as soon as the sanctions become history.
Given the market's potential profitability, Orini believes that Iran is the most suitable place to invest for western companies which explains why lots of them are planning to enter this lucrative market.
SEKO has been a significant manufacturer of metering pumps and dosing systems for over 40 years.
It has gained a worldwide position in many fields by supplying innovating products and offering reliable solutions for the dosing, injection and transfer of liquids, together with an efficient control of the related chemical parameters.
Specialized in the design and production of peristaltic pump, solenoid metering pumps, motor driven metering pumps, measure and control instruments for pH, ORP, conductivity, dissolved oxygen, free chlorine, SEKO operates in the global market with three business units.
Tehran is under punitive economic sanctions because of its nuclear program. After marathon talks in Lausanne, Switzerland, Iran and the P5+1 (Britain, China, France, Russia, the US plus Germany) reached a framework agreement on April 2 that calls for lifting all trade sanctions against Iran. The details of the agreement are to be finalized by a June 30 deadline.
