Russian companies are interested in co-operating with Iran on gas turbine technology and joint production, Russian Energy Minister Nikolai Shulginov said on Tuesday.
Russia has been trying to start producing its own gas turbines of medium or large capacity for years, but is yet to fine tune the process. The need to have its own production has become more acute since the start of what Moscow calls its special military operation in Ukraine in February.
Siemens Energy and some other foreign companies, whose turbines were used to build modern gas power plants in Russia, are withdrawing from the Russian market or have suspended operations, making it difficult for Moscow to service these plants.
“There is large potential for co-operation in this,” Mr Shulginov told a meeting with his Iranian counterpart, Ali Akbar Mehrabian.
Moscow has been pushing for closer ties with Tehran amid western sanctions and pressure over Russia's war in Ukraine. Iran wants deeper co-operation with Russia in the energy, transportation and agriculture sectors. Both sides are co-operating closely in the military sphere, with Iran sending Russia drones and potentially missiles, while Russia is expected to step up arms deliveries to Iran.
In August, German Chancellor Olaf Scholz said Russia was ready to export gas to Europe during an inspection of the trans-Baltic Nord Stream 1 pipeline.
Russian exporter Gazprom at the time said the hold-up for increasing its gas supply to Europe was due to technical issues.
Gazprom cut exports via Nord Stream to 20 per cent of its capacity, worsening Europe's energy crisis.
“I saw it with my own eyes: the serviced turbine is there and ready for operation at any time,” Mr Scholz said at the time. “It just has to be requested by Russia. There are no technical reasons for reducing gas supplies.”
COMPANY PROFILE
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Global state-owned investor ranking by size
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1. |
United States |
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2. |
China |
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3. |
UAE |
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4. |
Japan |
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5 |
Norway |
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6. |
Canada |
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7. |
Singapore |
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8. |
Australia |
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9. |
Saudi Arabia |
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10. |
South Korea |
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Earth under attack: Cosmic impacts throughout history
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- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
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1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
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November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
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Sector: HealthTech and wellness
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Funding to date: Bootstrapped
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