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Iran’s ISOICO, Russia’s Barrikady ink shipbuilding MoU

Iran’s ISOICO, Russia’s Barrikady ink shipbuilding MoU
An MoU was signed between Iran’s ISOICO and the Russian Krasnye Barrikady Shipyard on the sidelines of Russian National Industrial Exhibition - Trade and Industrial Dialogue: Russia – Iran 2015.

The Memorandum of Understanding (MoU) was signed by managing directors of Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and the managing director of Russia’s Krasnye Barrikady Shipyard with the presence of Iran’s Deputy Minister of Industry, Mine and Trade Mojtaba Khosro Taj.

“Being Russia’s largest shipyard, Krasnye Barrikady is active in the production of ships and vessels for transporting petrochemicals as well as building oil rigs,” ISOICO Managing Director Hamid Rezaeian told the reporters on Sunday deeming the newly-signed MoU as a major step in the development of his company’s activities.

Rezaeian went on to add that “three important indicators of the MoU are engineering discussions, exchange of technology as well as taking advantage of the Russian company’s international rating agency which will resolve our need to produce certain equipment.”

“With the signing of the MoU, Iran will enter the Russian market with ISOICO trademark,” highlighted the official asserting “the other significant advantage pertains to the receiving of international approvals by the Russian firm’s rating agency.”

Managing director of Russian Krasnye Barrikady Shipyard, for his part, expressed willingness to boost cooperation with Iran by defining new projects in various sectors.

Underlining that his company sees no limits in expanding activities, the Russian official emphasized “although the company’s headquarters is located in Astrakhan, we perform tasks in northern Russia as well.”

He further expressed readiness to dispatch ready-made ship construction equipment to Iran and the new MoU provides the possibility to send the equipment to be put to test in Iran.

Barrikady managing director pointed out the existence of numerous venues for collaboration adding “considering the current level of relations between the two countries, we are ready to provide ISOICO with the necessary equipment thanks to the financial and insurance support of the Russian government in this regard.”

The Russian minister of industry has also expressed satisfaction about the signing of the MoU emphasizing the need to support the agreement.

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